miadoan2018 miadoan2018

18-02-2022
Mathematics

contestada

Jason invests $3000 in a bank account that pays 2% simple interest per year. He invests the money for 7 months. Calculate the amount of interest Jason earns.

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megumihayashi0624200 megumihayashi0624200

18-02-2022

Answer: $3059.58

Explanation:

A = P(1+r/n)^nt = 3000(1+0.02/(5/7))^5/7 = 3059.58

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