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

Palasaty asked Jul 25, 2023

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39 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?

Palasaty asked Jul 25, 2023

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12 votes

Answer:

550

Explanation:

5,500 divided by 5%=275 a year

275x2=550

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