Question

Erin opened a savings account that earns 3% simple interest. If she deposts $2,750 and doesnt make any additional deposits or withdrawals how much money will be in her account at the end of 6 years?

Answer 1

3245$ (im assuming the interest is yearly)

Explanation:

using the is/of method

3% x

___ ___ cross mult and divide. = 82.5 interest x 6 years of it

100 2750

2750 + 495