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Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest
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Dec 10, 2022
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Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest
Mathematics
middle-school
BFunc
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I think the answer could be 8,000 I’m not good at explaining things but if you solve it it’s 8,000
Bryce Cutt
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Dec 11, 2022
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Bryce Cutt
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Im pretty sure he earned 495 in interest, because you take 5,500 time .03 (from the three percent) and you get 165- then multiply by three because of the three years (495)
Floyd Wilburn
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Dec 15, 2022
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