SOLUTION: . Jessica has an account with a credit union. Her account earns 2.3% simple interest yearly. Exactly a year and a half ago, she opened her account with $900. How much interest h

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: . Jessica has an account with a credit union. Her account earns 2.3% simple interest yearly. Exactly a year and a half ago, she opened her account with $900. How much interest h      Log On

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Question 959106: . Jessica has an account with a credit union. Her account earns 2.3% simple interest yearly. Exactly a year and a half ago, she opened her account with $900.
How much interest has she earned so far?

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Jessica has an account with a credit union. Her account earns 2.3% simple interest yearly. Exactly a year and a half ago, she opened her account with $900.
How much interest has she earned so far?
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Ans: I = P*r*t = 900*0.023*1.5 = $31.50
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Cheers,
Stan H.
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