SOLUTION: How much simple interest is earned on $300 deposited for 30 months in a savings account paying 7% simple interest annually? (The formula for calculating simple interest is Interest

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Question 357805: How much simple interest is earned on $300 deposited for 30 months in a savings account paying 7% simple interest annually? (The formula for calculating simple interest is Interest = Principal × Rate × Time or I = PRT.)

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
300*0.07*2.5=52.50