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Emily deposited $250 in a new account at her bank. The account earned 1.5% annual simple interest. Emily makes no additional deposits or withdrawals. How much interest will the account have earned at the
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Emily deposited $250 in a new account at her bank.

The account earned 1.5% annual simple interest.
Emily makes no additional deposits or withdrawals.
How much interest will the account have earned at the end of 3 year

User Jesukumar
by
5.1k points

1 Answer

7 votes

Answer:

250 x 0.015 = 3.75

3.75 x 3 = 11.25

Explanation:

User Aidis
by
5.4k points
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