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Rochelle deposited $500 in a bank account at a rate of 2.5% simple interest. How much interest did the money earn in 3 years?

Rochelle deposited $500 in a bank account at a rate of 2.5% simple interest. How much interest did the money earn in 3 years?
asked 180k views
5 votes
Rochelle deposited $500 in a bank account at a rate of 2.5% simple interest. How much interest did the money earn in 3 years?

asked
User David Rees
by
8.5k points

1 Answer

8 votes

Answer:

450

Explanation:

500×2.5%×36=450

hope it helps

answered
User Emil Rosenius
by
8.3k points
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