Respuesta :

Answer:

I=150

Step-by-step explanation:

I=Prt

I=3000(?)(?)

divide 5% by 100

I=3000(0.05)(?)

1 year= 1

I=3000(0.05)(1)

I=150

Cricetus

You owe "150" the bank at the end of one year

According to the question,

Principle,

  • P = 3000

Interest rate,

  • r = 5% or 0.5

Time,

  • t = 1 year

We know that,

→ [tex]I = Prt[/tex]

By substituting the values, we get

       [tex]= 3000\times 0.5\times 1[/tex]

       [tex]= 150[/tex]

Thus the above approach is right.

Learn more about interest rate here:

https://brainly.com/question/21665262

Otras preguntas