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Claire deposited $500 into a savings account that earns 2.5% annual simple interest. If she keeps this amount in the account for 2 years, how much interest will she earn?

Claire deposited $500 into a savings account that earns 2.5% annual simple interest. If she keeps this amount in the account for 2 years, how much interest will she earn?
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Claire deposited $500 into a savings account that earns 2.5% annual simple interest. If she keeps this amount in the account for 2 years, how much interest will she earn?

asked
User Omid Shariati
by
7.8k points

1 Answer

4 votes

Answer:

Claire will earn $25 in interest after 2 years.

answered
User Jim Richards
by
8.4k points
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