Question

You invested $1,810 into an account which pays 3% interest per year. How much interest will you earn after a year?​

Answer 1

Step-by-step explanation:

interest =

$\frac{3}{100} \times 1810$

therefore

interest = $54.3 after a year

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Answer 2

Answer:

54.3

Step-by-step explanation:

Interest earned = Prt

where P is the initial investment and r is the interest rate and t is time

Interest earned = 1810*0.03*1=54.3