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Edward deposited $9,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest?

Edward deposited $9,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest?
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Edward deposited $9,500 into a savings account 3 years ago. The simple interest rate is 3%. How

much money did Edward earn in interest?

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User Jordan Burnett
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7.6k points

1 Answer

2 votes
Multiply the initial deposit with the number of years with the interest rate.
answered
User Duncan Macleod
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