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6 October, 17:29

coach Cliffman made a deposit of $1800 into an account that earns 2% annual simple interest. find the amount of interest that coach Cliffman earned after 3 year

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  1. 6 October, 21:27
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    The amount of interest Coach Cliffman earned after 3 years is $108.

    Step-by-step explanation:

    The equation for simple interest is A = P (1 + rt). To determine the revenue earned, subtract the principal amount ($1800) from the total accured amount (principal + interest). The equation for simple interest is A = P (1 + rt), P meaning principal interest, r being the rate of interest per year in decimal form, and t as time in years.

    Let P = $1800, r =.02, and t = 3 and you'll end up with a total accrued amount of $1908. Finally, subtract 1908-1800 to get your answer of $108.
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