[tex]\bf ~~~~~~ \textit{Simple Interest Earned Amount}
\\\\
A=P(1+rt)\qquad
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\dotfill &3000\\
r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\
t=years\dotfill &3
\end{cases}
\\\\\\
A=3000[1+0.05(3)]\implies A=3000(1.15)\implies A=3450[/tex]
