Edward deposited $2250 into a savings account 3 years ago. The simple interest rate is 4%. Edward earned $ __ in interest. His new account balance is __$ .

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asked Dec 3, 2023 16.0k views

23 votes

Edward deposited $2250 into a savings account 3 years ago. The simple interest rate is 4%.

Edward earned $ __ in interest.

His new account balance is __$ .

Mathematics
middle-school

Chiaro asked

by Chiaro

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2 Answers

8 votes

Answer:

The interest is $300 and the amount is $7800

Explanation:

Doug Neiner answered Dec 3, 2023

by Doug Neiner

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8 votes

He earned $270 and now has $2520

Johnco answered Dec 8, 2023

by Johnco

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