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Calculate the interest earned on a savings account with $660.00 that is invested at 3.5% annual simple interest for 5 years. A. $23.10 B. $26.40 C. $69.30 D. $115.50
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Calculate the interest earned on a savings account with $660.00 that is invested at 3.5% annual simple interest for 5 years.

A. $23.10
B. $26.40
C. $69.30
D. $115.50

User Jero
by
8.7k points

1 Answer

3 votes
Hello!

660 * 3.5% = 23.1

23.1 * 5 = 115.50

The interest earned is: D. $115.50.
User Manu Gupta
by
8.2k points
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