Register
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
117k views
0 votes
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

User BFunc
by
3.0k points

2 Answers

3 votes
I think the answer could be 8,000 I’m not good at explaining things but if you solve it it’s 8,000
User Bryce Cutt
by
3.7k points
5 votes
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)
User Floyd Wilburn
by
4.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
Link Copied!