A company invest 50,000 in a saving account that pays 3% interest per year

A) Write a direct proportion equitation that relates interest, I, and years, t.

B) How much interest will the company earn in 2 years?

The company will earn a interest of 3,000 in 2 years.

Step-by-step explanation:

It is given that, the company invested 50,000 in a saving account.

The interest per year is 3%.

The relation between the number of years and the interest is given by the formula,

Interest = P*r*t / 100.

where,

P is the principal amount. t is the number of years. r is the rate per year.

Now, to find the amount of interest the company will earn in 2 years is calculated by using the above simple interest formula.

Substitute, P = 50,000 and r = 3 and t = 2 years.

Interest, I = (50,000 * 2 * 3) / 100

⇒ 500 * 6

⇒ 3000

Therefore, the amount earned as a interest by the company in 2 years is 3,000.