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Curtis deposits 550 into a saving account.The account pays 1.75% simple interest will he earn after 3 years? Round your answer to the nearest cent
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Curtis deposits 550 into a saving account.The account pays 1.75% simple interest will he earn after 3 years? Round your answer to the nearest cent

User Matt McHugh
by
8.6k points

1 Answer

7 votes
28.875

9.625 (the percent per year)
x3 (years)
= 28.875
Round to cent so about $28.87
User Alceu Costa
by
8.3k points
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