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Edward deposited $5,500 into a savings account 5 years ago. The simple interest rate is 5%. How much money did Edward earn in interest? I really need help♡︎!

Edward deposited $5,500 into a savings account 5 years ago. The simple interest rate is 5%. How much money did Edward earn in interest? I really need help♡︎!
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24 votes
Edward deposited $5,500 into a savings account 5 years ago. The simple interest rate is 5%. How much money did Edward earn in interest?

I really need help♡︎!

asked
User Maxrodrigo
by
8.0k points

1 Answer

2 votes

Answer:

$1375 in interest and $6875 total.

Explanation:

answered
User Mukul Gupta
by
7.9k points
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