Answer:
$150
Step-by-step explanation:
Simple interest for any principal amount p , rate of interest r and time t is given by
Simple interest = (p*r*t)/100
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Given
p =$500
r = 3%
t = 10 years
Therefore SI = $500*3*10/100 = $150.
$150 is earned in 10 years at 3% simple interest on $500.
