Answer :
Firstly we need to find out what's 2.5% from $3000:
3000 * 2.5% =
= 3000 * 2.5/100 =
= 3000 * 25/1000 =
= 3 * 25 =
= 75 [dollars]
It means you will earn $75 dollars of interest annualy. After 4 years you will earn:
4 * $75 = $300
3000 * 2.5% =
= 3000 * 2.5/100 =
= 3000 * 25/1000 =
= 3 * 25 =
= 75 [dollars]
It means you will earn $75 dollars of interest annualy. After 4 years you will earn:
4 * $75 = $300