SOLUTION: Shelia deposits $300 in an account that earns 7.5% simple interest. how much interest will her money earn in 5 years

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Question 330589: Shelia deposits $300 in an account that earns 7.5% simple interest. how much interest will her money earn in 5 years
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
F=P%281%2Bi%29%5Et
F=300%281%2B0.075%29%5E5
F=300%281.4356%29
F=430.69
The future value is $430.69.
So she'll earn $130.69 in interest.