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You have $550 in a savings account that earns 3% simple interest each year. How much will be in your account in 10 years? *

You have $550 in a savings account that earns 3% simple interest each year. How much will be in your account in 10 years? *
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3 votes
You have $550 in a savings account that earns 3% simple interest each year. How much will be in your account in 10 years? *

User Chetan Shirke
by
8.8k points

1 Answer

0 votes

Answer:

$150

Explanation:

3% of $500 is $15

$15 ×10 is $150

User Rob Hague
by
8.6k points
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