Question

Jessica has an account with a credit union. Her account earns 2.5% simple interest yearly. Exactly a year and a half ago, she opened her account with $900.

How much interest has she earned so far?

Answer 1

$22.5

Explanation:

2.5% = .025

900 divided by 1.5 = 600

600 multiplied by .025 = 15

15 divided by .5 = 7.5

15 + 7.5 = 22.5