Answer: (a) $ 36 (b) $ 236
Step-by-step explanation:
Simple interest = Principal x rate x Time
Given: Principal = $200 . rate = 6% = 0.06 ,
(a )Time = 3 years
Simple interest = 200 x 0.06 x 3
= $ 36
So, the interest earned after 3 years = $ 36
(b) Balance in account after 3 years = Principal + Simple interest
= $ (200+36) = $ 236
So, the balance after 3 years = $ 236
