SOLUTION: Danny has $2,100 in his savings account. He receives 0.78% anhual simple interest. If he makes no further deposits or withdrawals, how much money will he earn in simple interest
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Question 361637: Danny has $2,100 in his savings account. He receives 0.78% anhual simple interest. If he makes no further deposits or withdrawals, how much money will he earn in simple interest in 3 yrs.
Found 2 solutions by rfer, JBarnum:
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=2100*0.0078*3
I=49.14
Answer by JBarnum(2146) (Show Source): You can put this solution on YOUR website!
1st year
2nd year
3rd year
interest earned
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