Question

Travis has $1,500 in a savings account. He deposits $75. How much interest will he earn after 2 years at a simple annual interest rate of 1.3%?

(The links don’t work so please just give the answer)

Answer 1

40.95

Explanation:

P = 1500 + 75 = 1575

I = Prt

I = 1575(1.3%)(2)

I = 40.95