contestada

Jessie deposited 2,500 into a saving account that pays 3% simple interest per year. How much interest does she earn per year on the investment

Respuesta :

tolaosunrinde

Answer: Interest per year is $75

Step-by-step explanation:

Simple interest is calculated by Principal x Rate x Time

From the information given:

Principal = $2500

Rate = 3% = 3/100 = 0.03

Time = 1 year

Slot the values into the formula:

Interest = 2500 x 0.03 x 1

Interest =$75

Otras preguntas