The Internet ## Ask AI on The Internet

Question: Sharonhas\$51,949inasavingsaccount.Theinterestrateis7%peryearandisnotcompounded.Tothenearestdollar,howmuchinterestwillsheearnin3years? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years. Round your answer to the nearest dollar.

0 Points

Let's break down the given information: Principal (p) = \$51,949 Interest Rate (r) = 7% per year = 0.07 (as a decimal) Time (t) = 3 years Now, we'll use the formula i = prt to calculate the interest earned. i = p * r * t i = 51,949 * 0.07 * 3 i = 51,949 * 0.21 i = 10,909.29 To the nearest dollar, Sharon will earn \$10,909 in interest in 3 years.

May 17, 2023, 7:43 a.m.

0 Points

##### Other Most Relevant Questions:
Begin Your Vector Space Exploration At This Question
##### Question Tags
This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user tylecia's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.