Question

Marsha deposited ​$7,500 into a savings account 4 years ago. The simple interest rate is 5​%. How much money did Marsha earn in​ interest?

Answer 1

Answer: Marsha earned $375 in interest. ✅

Explanation:

Multiply the amount Marsha deposited, which was $7,500, by the interest rate, which was 5%. 5% of $7,500 is $375, so that's the amount of interest Marsha earned.