Respuesta :

Answer:

The amount of interest she will be paid in the first 3 years is;

[tex]\text{ \$90}[/tex]

Explanation:

Given that Lashonda deposits $500 into an account that pays simple interest at a rate of 6% per year. for the first 3 years;

[tex]\begin{gathered} \text{ Principal P = \$500} \\ \text{rate r = 6\% = 0.06} \\ \text{time t = 3 years} \end{gathered}[/tex]

Recall the simple interest formula;

[tex]i=P\times r\times t[/tex]

substituting the given values;

[tex]\begin{gathered} i=500\times0.06\times3 \\ i=\text{ \$90} \end{gathered}[/tex]

Therefore, the amount of interest she will be paid in the first 3 years is;

[tex]\text{ \$90}[/tex]