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Holly opened a savings account at a local bank. She deposited $2,500.00 into the account 5 years ago. If the account earns an annual simple interest rate of 7.1%, how much interest has she earned? A. $710.
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10 votes
10 votes
Holly opened a savings account at a local bank. She deposited $2,500.00 into the account 5 years ago. If the account earns an annual simple interest rate of 7.1%, how much interest has she earned?

A.
$710.00
B.
$887.50
C.
$762.50
D.
$177.50

User Stricq
by
3.2k points

2 Answers

9 votes
9 votes

Answer:

B.

887.50

Explanation:


si = p * r * t / 100


si \: = 2500 * 7.1 * 5/ 100


25 * 7.1 * 5


= 887.50

User Tomas Mulder
by
3.2k points
6 votes
6 votes

Answer:

The correct answer is B $887.5

User Lyes BEN
by
3.8k points
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