Answer:
The amount of interest earned is $90.
Step-by-step explanation:
Firstly, we have to find out what is 6% of $500.
500 = 100%
6% of 500 =
500 × 0.06
= $30
The interest rate is $30 per year. Multiply it by 3.
30 × 3 =
$90.
The total interest earned is $90.
