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Suppose $580 is placed in a savings account at a simple interest rate of 5.5%. How much interest will the account earn in 3 years?
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4 votes
Suppose $580 is placed in a savings account at a simple interest rate of

5.5%. How much interest will the account earn in 3 years?

User Apricot
by
5.3k points

1 Answer

5 votes

Answer: $95.7

Explanation:

580 x 5.5% = 31.9 x 3 =95.7

$95.7

User Varun
by
5.1k points
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