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An account earns 3% yearly simple interest. How much interest will you earn in 9 years if you put $820 in the account A. $1069.91 B. $1041.40 C. $249.91 D. $221.40

An account earns 3% yearly simple interest. How much interest will you earn in 9 years if you put $820 in the account A. $1069.91 B. $1041.40 C. $249.91 D. $221.40
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24 votes
An account earns 3% yearly simple interest. How much interest will you earn in 9 years if you put $820 in the account

A. $1069.91
B. $1041.40
C. $249.91
D. $221.40

User Andrew Irwin
by
7.9k points

2 Answers

9 votes
It’s A. 820(1.03)x. x being 9 years
User Ovnia
by
8.1k points
9 votes
i think it would be D. because 820 x 3% = 24.60 and if you multiply that by 9 you get 221.40
User Juliver Galleto
by
8.5k points
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