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West deposited $15,000 in a savings account earning 2.5% simple interest what was the total interest earned at the end od 8 years
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West deposited $15,000 in a savings account earning 2.5% simple interest what was the total interest earned at the end od 8 years
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Feb 16, 2019
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west deposited $15,000 in a savings account earning 2.5% simple interest what was the total interest earned at the end od 8 years
Mathematics
middle-school
Ouney
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3,000 dollars is your answer.
Scony
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Feb 16, 2019
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2.5% of 15,00$ would be 375$. Assuming the "simple interest" is yearly, you would multiply 375 by 8, which is
3000$
:P (Another way to solve this would be to multiply the 2.5 by 8, which would be 20. and 20% of 15,000$ would also be
3,000$
)
Sgosha
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Feb 22, 2019
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