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.Com
Question 269181: 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 checkley77(12844) (Show Source): You can put this solution on YOUR website!
I=prt
I=70*.03*2.5
I=70*.075
I=$5.25 is the interest.
RELATED QUESTIONS
you deposit $70 in a savings account that pays an annual interest rate of 3%. how much... (answered by solver91311)
Suppose you deposit $80 in a savings account that pays an annual intrest rate of 6%. How... (answered by checkley71,stanbon)
Suppose you deposit 160 dollars in a savings account that pays an annual rate of 9%.... (answered by rfer)
Deposit $120 in a savings account that pays an annual interest rate of 2.5%. How much... (answered by mananth)
Suppose you deposit 181 dollars in a savings
account that pays an annual rate of 5%.... (answered by rfer)
How much money must you deposit into a savings account that has an annual 3% interest... (answered by TutorDelphia)
if you deposit $150 in an account that earns simple interest.The annual interest rate is... (answered by josmiceli)
you deposite $520 in a savings account that pays a simple interest of 3.25%.how much... (answered by rfer)
If a savings account pays 3% simple annual interest, a deposit of $250 will earn in 2... (answered by jim_thompson5910)