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Sam deposits $15,000.00 in an account that earns 3.2% simple interest. How much interest will his money earn in 1 year?

Sam deposits $15,000.00 in an account that earns 3.2% simple interest. How much interest will his money earn in 1 year?
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4 votes
Sam deposits $15,000.00 in an account that earns 3.2% simple interest. How much interest will his money earn in 1 year?

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User Mohamed Islam
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8.0k points

1 Answer

4 votes
He will receive $480 in interest in the first year. 
answered
User Ryan Kyle
by
8.3k points
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