Answer: 5508$
Step-by-step explanation:
So to find interest your formula is this:
Int=interest rate (percent)*principal
So your problem would be: int=.02*1800
This equals 36. Since its interest, you add your interest (36) and your principal (1800) and get 1836. Now, since you need to find the interest for 3 years, you multiply 1836 by 3.
Step-by-step explanation:
