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Marsha deposited $8,500 into savings account 5 years ago. The simple interest rate is 3%. How much money did Marsha earn in interest?

Marsha deposited $8,500 into savings account 5 years ago. The simple interest rate is 3%. How much money did Marsha earn in interest?
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2 votes
Marsha deposited $8,500 into savings account 5 years ago. The simple interest rate is 3%. How much money did Marsha earn in interest?

User Cmann
by
8.5k points

1 Answer

5 votes

Answer:

1275

Explanation:

  • .03 times 8500 is 255 so 255 times 5 is 1275
User Burak Altundal
by
7.9k points
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