[tex]\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$3000\\
r=rate\to 5\%\to \frac{5}{100}\to &0.05\\
t=years\to &10
\end{cases}
\\\\\\
A=3000(1+0.05\cdot 10)\implies A=3000(1.5)[/tex]
