SOLUTION: Chris put $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is the amount of interst Chris will earn the first yea

SOLUTION: Chris put $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is the amount of interst Chris will earn the first yea

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Question 297345: Chris put $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is the amount of interst Chris will earn the first year her money is in the savings account?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
1,500*.05=$75 is the interest for 1 year.
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