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Simone put $250 into her savings account that has an annual interest rate of 3.5%. How interest will Simone earn on this amount for two years?

Simone put $250 into her savings account that has an annual interest rate of 3.5%. How interest will Simone earn on this amount for two years?
asked 139k views
4 votes
Simone put $250 into her savings account that has an annual interest rate

of 3.5%. How interest will Simone earn on this amount for two years?

asked
User Rahkeem
by
8.1k points

1 Answer

5 votes
The other answers confuse me. 267.5 since 3.5=0.035 so 250x0.03.5=8.75x2=17.5+250
answered
User JTK
by
7.6k points
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