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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?

Marsha deposited $5,500 into a savings account 2 years ago. The simple interest rate is 5%. How much did Marsha earn in interest?
62.5k views
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
7.2k points

1 Answer

9 votes

Answer:

550

Explanation:

5,500 divided by 5%=275 a year

275x2=550

User Theaccordance
by
7.9k points
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