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Nina deposits $3500 into a savings account. the rate of simple interest is at 5.5% annually. By how much does the amount in her account increase each year?

Nina deposits $3500 into a savings account. the rate of simple interest is at 5.5% annually. By how much does the amount in her account increase each year?
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Nina deposits $3500 into a savings account. the rate of simple interest is at 5.5% annually. By how much does the amount in her account increase each year?

User Sydney Loteria
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1 Answer

5 votes
I'm not 100% sure but 3500*0.055=192.50

User Mark Sowul
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