# SOLUTION: you deposit $70 in a savings account that pays an annual interest rate of 3%. how much simple interest would you earn in 2.5 years? Algebra -> Algebra -> Coordinate Systems and Linear Equations -> Linear Equations and Systems Word Problems -> SOLUTION: you deposit$70 in a savings account that pays an annual interest rate of 3%. how much simple interest would you earn in 2.5 years?      Log On

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 Click here to see ALL problems on Linear Equations And Systems Word Problems Question 636243: you deposit $70 in a savings account that pays an annual interest rate of 3%. how much simple interest would you earn in 2.5 years?Answer by solver91311(16877) (Show Source): You can put this solution on YOUR website! You get 70 times 0.03 = 2.10 the first year, another 2.10 the second year, and 1.05 the last half year, altogether$5.25. Don't plan on retiring on this investment. John My calculator said it, I believe it, that settles it