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Stephen deposited $2,350 in a bank account that earned simple interest at an interest rate of 3.5%. How much interest was earned in three years?

Stephen deposited $2,350 in a bank account that earned simple interest at an interest rate of 3.5%. How much interest was earned in three years?
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Stephen deposited $2,350 in a bank account that earned simple interest at an interest rate of 3.5%. How much interest was earned in three years?

asked
User MD Shahid Khan
by
7.5k points

1 Answer

1 vote

Answer:

Interest = $2,350(.035)(3) = $246.75

answered
User Hossein Asadi
by
7.3k points
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