Question

A bank is offering 3.5% simple interest on a savings account. If you deposit $7500,

how much interest will you earn in 3 years?
$7,875
$78.75
$787.50
$78,750

Answer 1

Answer: 787.50

Explanation:

Answer 2

787.50

Explanation:

7500 times 3.5 to get 26250 then divide by 100 to get 262.5

After multiply 262.5 times 3 (years) to get 787.5