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A bank is offering 3. 5% simple interest on a savings account. If you deposit $7,500, how much interest will you earn in two years?.
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A bank is offering 3. 5% simple interest on a savings account. If you deposit $7,500, how much interest will you earn in two years?.

User Jeremi
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1 Answer

5 votes

Answer:

534.1875

Explanation:

7500 ⋅ (1+3.5%)²-7500

534.1875

User DrTyrsa
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5.1k points
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