If a bank offers a savings account that pays simple interest rate of 4% and you deposit \$475.00 into this account, how much interest will you have earned after 3 years?

1. 2
asked by rawr... im a dinosaur.... rawr
1. Interest = Principal * Rate * Time

I = 475 * 0.04 * 3

I = ?

posted by Ms. Sue
2. what is it??

posted by jo jo

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