Question

Roxanne has $3,000 that she plans to invest into an account that earns 7% simple interest. Assuming she makes no additional deposits or withdrawals, how much interest will Roxanne earn after 15 years?

A $6,150$6,150


C $150$150


B $3,150$3,150


D $5,277.09

Answer 1

She would save about 5 less

Answer 2

B because 7% of 3,000 is 210 then multiply it by 15 and you have 3,150.