SOLUTION: Sue invests $5,000 in a 90-day term deposit that pays three percent simple interest per year. How much interest will Sue earn from her investment, to the nearest dollar?

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Question 752032: Sue invests $5,000 in a 90-day term deposit that pays three percent simple interest per year.
How much interest will Sue earn from her investment, to the nearest dollar?
Answer by solver91311(24713) About Me  (Show Source):
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90 days is 1/4 year, so for a 90 day term she will get 1/4 of the interest that the same amount of money would earn in 1 full year.

John

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