Question

D. Complementary

10 points
3. Audrey opens a savings account with a $500 deposit. The savings
account earns 2.5% simple interest each year. If Audrey leaves the
account alone for three years, what will her account balance be at that
point? *

Answer 1

I=500×3×2.5÷100

=37.5

Explanation:

500-37.5

=462.5