SOLUTION: Laura deposited $250 in a bank account that earned 2% simple interest. She made no other deposits and did not withdraw any money for 3 years. The interest she earned remained in th

SOLUTION: Laura deposited $250 in a bank account that earned 2% simple interest. She made no other deposits and did not withdraw any money for 3 years. The interest she earned remained in th

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Question 1016013: Laura deposited $250 in a bank account that earned 2% simple interest. She made no other deposits and did not withdraw any money for 3 years. The interest she earned remained in the account.
How much was in the account at the end of 3 years?
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
I = prt = 250(.02)(3) = $15
She would then have 250 + 15 = $265 in her account.
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