Question

Assessment items Jackie deposited $315 into a bank account that earned 1.5% simple interest each year. If no money was deposited into or withdrawn from the account, how much money was in the account after ​3​ years?

Answer 1

the interest would be $14.17 so the total in the account is $329.17.

you find this by using the formula:
I = P*R*T
I =300*.015*3
I = 14.17