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Victoria opens a savings account with a deposit of $300. She will earn 2% simple interest each year on her money. How much interest when she earn over 5 years?

Victoria opens a savings account with a deposit of $300. She will earn 2% simple interest each year on her money. How much interest when she earn over 5 years?
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Victoria opens a savings account with a deposit of $300. She will earn 2% simple interest each year on her money. How much interest when she earn over 5 years?

asked
User Tobias Cohen
by
8.6k points

1 Answer

7 votes

300*2%*5= 30

answer is 30

answered
User Shawntay
by
8.8k points
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