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You deposit $70 in a savings account that pays an annual interest rate of 3%. How much simple interest would you earn in 2.5 years?
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2 votes
You deposit $70 in a savings account that pays an annual interest rate

of 3%. How much simple interest would you earn in 2.5 years?

User Bram Vandewalle
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1 Answer

5 votes
i think it would be 5.25 because if you multiply the 70$ times the 3% which is 0.03 you get 2.1 and then you multiply the 2.1x2.5
User Annarose
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