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?

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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) About Me  (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.