Answer:
$24.
Step-by-step explanation:
Given that I deposited $ 200 in an account that earns 4% simple interest annually, to determine how much interest did I earn in 3 years, the following calculation must be performed:
((200 x 4/100) x 3) = X
((800/100) x 3) = X
(8 x 3) = X
24 = X
Thus, after 3 years of investment I will have earned $ 24 in interest.
