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16. Rosa deposited $500 in a savings account with a SIMPLE interest rate of 3% per year. If she made no other deposits or withdrawals, how much interest would she earn after 2 years? * (5 Points) $1.50
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16. Rosa deposited $500 in a savings account with a SIMPLE interest rate of 3% per year. If she made

no other deposits or withdrawals, how much interest would she earn after 2 years? *
(5 Points)
$1.50
$15.00
$3.00
$30.00

User Thierry Maasdam
by
8.3k points

1 Answer

3 votes
30 because 3% of 500 is 15then you multiply that by 2
User Hung Hoang
by
8.1k points
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