Abram has $600 in a savings account that earns 1.5% annual simple interest. If he does not make any deposits or withdrawals, how much interest will he earn in 3/4 year?

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asked Dec 16, 2018 86.0k views

5 votes

Abram has $600 in a savings account that earns 1.5% annual simple interest. If he does not make any deposits or withdrawals, how much interest will he earn in 3/4 year?

Mathematics
middle-school

Evansgambit asked

by Evansgambit

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1 Answer

4 votes

I = Prt
I = $600*.015*(3/4)
I = $6.75

Andrew Dalke answered Dec 21, 2018

by Andrew Dalke

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