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$300 at 5% annual interest for 7 years Find the simple interest earned in the account. A. $214.29 B. $11.67 C. $420.00 D. $105.00

$300 at 5% annual interest for 7 years Find the simple interest earned in the account. A. $214.29 B. $11.67 C. $420.00 D. $105.00
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$300 at 5% annual interest for 7 years

Find the simple interest earned in the account.

A. $214.29
B. $11.67
C. $420.00
D. $105.00

User BruceM
by
7.6k points

1 Answer

4 votes

Answer:

D. 105

Explanation:

300 x .05=15

15x7=105

User Yosher
by
7.5k points
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