Answer:
Amount of interest in 3 years will be $747.144
Explanation:
We have given amount invested, that is principal amount P = $3459
Rate of interest r = 7.2%
Time period t = 3 years
We have to find the interest in 3 years
We know that interest is equal to
[tex]SI=\frac{P\times r\times t}{100}[/tex], here P is amount to be invested r is rate of interest and t is time period
So interest [tex]SI=\frac{3459\times 7.2\times 3}{100}=747.144[/tex]$
So amount of interest in 3 years will be $747.144
