Answer:
$2968
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 4%/100 = 0.04 per year,
then, solving our equation
I = 2650 × 0.04 × 3 = 318
I = $ 318.00
The simple interest accumulated
on a principal of $ 2,650.00
at a rate of 4% per year
for 3 years is $ 318.00.
