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Calculate the simple interest. Round to the nearest cent. $675 is deposited into a savings account that earns 5.75% simple interest for 10 years.

Calculate the simple interest. Round to the nearest cent. $675 is deposited into a savings account that earns 5.75% simple interest for 10 years.
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Calculate the simple interest. Round to the nearest cent.

$675 is deposited into a savings account that earns 5.75% simple interest for 10 years.

asked
User Phares
by
8.1k points

1 Answer

1 vote

Answer:

the answer is $388.125 using the formula I=PRT/100

it is up to you to find to the nearest cent

answered
User Leeren
by
8.4k points
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