How much interest is earned on \( \$ 2,700 \) in one year if it is invested at \( 3 \% \) ? \( \$ 81.00 \) \( \$ 810.00 \) \( \$ 8.10 \)

To find the interest earned on \( \$ 2,700 \) in one year at a \( 3\% \) interest rate, you can use the formula: Interest = Principal × Rate. Here, it will be \( 2700 \times 0.03 = 81 \). So, the interest earned is \( \$ 81.00 \). Isn't it cool how investing even a small amount can grow your money? Now imagine if you kept it invested for several years; compound interest could really boost your returns! So, keep that money working for you!