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Holly opened a savings account at a local bank. She deposited $2,800.00 into the account 5 years ago. If the account earns an annual simple interest rate of 5.6%, how much interest has she earned? A. $784.
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Holly opened a savings account at a local bank. She deposited $2,800.00 into the account 5 years ago. If the account earns an annual simple interest rate of 5.6%, how much interest has she earned?

A.
$784.00
B.
$924.00
C.
$940.80
D.
$156.80

User Spandan Singh
by
4.3k points

2 Answers

7 votes
1500x0.056=156.80
156.80x5=784.00
A) $784.00 she’s earned in interest.
User Mr Dansk
by
4.4k points
4 votes

Answer:

i think b

Explanation:

User Samrat Mazumdar
by
4.5k points
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