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Marsha deposited $5,500 into a savings account 2 years ago. The simple interest rate is 5%. How much did Marsha earn in interest?
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5 votes
Marsha deposited $5,500 into a savings account 2 years ago. The simple interest rate is 5%. How much

did Marsha earn in interest?

User Yaitloutou
by
6.4k points

1 Answer

9 votes

Answer:

550

Explanation:

5,500 divided by 5%=275 a year

275x2=550

User Theaccordance
by
7.1k points
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