Question

HELP

Laura deposited $250 in a bank account that earned 2% simple interest. She made no other deposits and did not withdraw any money for 3 years. The interest she earned remained in the account. How much was in the account at the end of 3 years? A. $255.00 B. $257.50 C. $265.00 D. $300.00

Answer 1

Lindsay’s interest is $3 for one year. Using the formula for interest, I = prt, Lindsey’s money is earning at a rate of 1.2%. Jenn has earned $3.75 for one year. Her money is earning at a rate of 1.5%, which is a higher interest rate.

Explanation:

Answer 2

c. $265.00 !!!!!!!!!!!