A student puts $250 into an account that pays 2% simple interest every year. How much money in total is in their account after 3 years?

asked Jun 12, 2021 75.8k views

1 vote

A student puts $250 into an account that pays 2% simple interest every year. How much

money in total is in their account after 3 years?

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1 vote

$250 x 1.02^3 = 265.302.

Total money in their account after 3 years = $265.30

Dan Weaver answered Jun 17, 2021

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