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Anita has $300 in her savings account that earns 5% annually. The interest is not compounded. How much interest will she earn in 1 year?

Anita has $300 in her savings account that earns 5% annually. The interest is not compounded. How much interest will she earn in 1 year?
asked 160k views
0 votes
Anita has $300 in her savings account that earns 5% annually. The

interest is not compounded. How much interest will she earn in 1
year?

asked
User Fooquency
by
7.9k points

2 Answers

3 votes
the correct answer is $15

answered
User Yorkw
by
7.3k points
5 votes
She should earn $15 that year.
answered
User Valdis R
by
8.3k points
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