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Molly had $30 in her savings account. The simple interest rate is 5% per year. How much interest will she earn in 2 years?

Molly had $30 in her savings account. The simple interest rate is 5% per year. How much interest will she earn in 2 years?
asked 69.7k views
1 vote
Molly had $30 in her savings account. The simple interest rate is 5% per year. How much interest will she earn in 2 years?

asked
User Hritik Pandey
by
7.7k points

1 Answer

0 votes

Answer:

$3

Explanation:

30 × (5/100) × 2

3

answered
User Rawwar
by
8.6k points
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