Answer:
$360
Step-by-step explanation:
You want the amount of simple interest earned by $6000 in 3 years at the rate of 2%.
Interest
The simple interest formula is ...
I = Prt
where P is the principal invested at rate r for t years.
Application
$6000 invested at 2% for 3 years earns ...
I = $6000·0.02·3 = $360
Chris will be paid $360 in interest in the first 3 years.
