Find the amount of interest earned in an account with an initial deposit of $800 for 15 years at an interest rate of 3%

$360

Step-by-step explanation:

You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

P = initial balance

r = annual interest rate

t = time

First, lets change 3% into a decimal:

3% -> -> 0.03

Now, plug in the values:

The interest earned will be $360.

answer: what do you mean