Claire deposited $500 into a savings account that earns 2.5% annual simple interest. If she keeps this amount in the account for 2 years, how much interest will she earn?

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asked Jan 8, 2022 229k views

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Claire deposited $500 into a savings account that earns 2.5% annual simple interest. If she keeps this amount in the account for 2 years, how much interest will she earn?

Mathematics
middle-school

Omid Shariati asked

by Omid Shariati

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Answer:

Claire will earn $25 in interest after 2 years.

Jim Richards answered Jan 14, 2022

by Jim Richards

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