Register

Suppose $580 is placed in a savings account at a simple interest rate of 5.5%. How much interest will the account earn in 3 years?

Suppose $580 is placed in a savings account at a simple interest rate of 5.5%. How much interest will the account earn in 3 years?
asked 103k views
4 votes
Suppose $580 is placed in a savings account at a simple interest rate of

5.5%. How much interest will the account earn in 3 years?

asked
User Apricot
by
8.0k points

1 Answer

5 votes

Answer: $95.7

Explanation:

580 x 5.5% = 31.9 x 3 =95.7

$95.7

answered
User Varun
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!