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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 If no money was deposited into or withdrawn from the account, how much mon…

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 If no money was deposited into or withdrawn from the account, how much mon…
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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 If no money was deposited into or withdrawn from the account, how much money was in the account after ​3​ years?

User Sreenidhi Sreesha
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1 Answer

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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
User David Dale
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