Showcase extra: the real practice and quiz players do not have this button.
Correct answer: B. $180
- Choose the formula: Simple interest uses , where is the principal, is the annual rate as a decimal, and is the time in years.
- Substitute the values: , , , so .
- Compute: . The account earns $180 in interest. ($60 is only one year of interest;$3,180 is the full balance , not the interest;$18,000 comes from using instead of .)
