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Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn?A. $285

Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn?A. $285
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Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn?A. $285

asked
User Drastega
by
8.2k points

2 Answers

5 votes

Answer:

$1932 -_- APEX

Explanation:

answered
User Owen Zhao
by
8.5k points
3 votes
Simple interest = principal x interest (in decimal form) x time
I = (9200)(0.03)(7) = $1932
answered
User Mackarous
by
7.9k points
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