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Mateo invested $4100 in a savings account with a yearly interest rate of 5% for 15 years. How much simple interest did he earn? A. $205.00 B. $307.50 C. $3075.00 $2050.00

Mateo invested $4100 in a savings account with a yearly interest rate of 5% for 15 years. How much simple interest did he earn? A. $205.00 B. $307.50 C. $3075.00 $2050.00
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1 vote
Mateo invested $4100 in a savings account with a yearly interest rate of 5%

for 15 years. How much simple interest did he earn?
A. $205.00
B. $307.50
C. $3075.00
$2050.00

User MoazRub
by
7.8k points

1 Answer

7 votes

Answer:

c

Explanation:

User Shelby Moore III
by
8.4k points
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