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Erin deposited $2,550 into an account paying a simple interest rate of 3.2% per year. Which of the following is the total amount in the account after 3 years?

Erin deposited $2,550 into an account paying a simple interest rate of 3.2% per year. Which of the following is the total amount in the account after 3 years?
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1 vote
Erin deposited $2,550 into an account

paying a simple interest rate of 3.2% per
year. Which of the following is the total
amount in the account after 3 years?

asked
User Mty
by
7.9k points

1 Answer

4 votes
3.2% of $2550 is $81.60 and over three years that would be $244.80

Answer: $2794.80
answered
User Jomar
by
9.0k points
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