plawry9933 plawry9933
  • 13-02-2021
  • Mathematics
contestada

Gabby has $1,506 in a savings account that pays 2.5% simple interest. How much interest will she earn in 3 years?

Respuesta :

rococo908
rococo908 rococo908
  • 13-02-2021

Answer:

$112.95

Step-by-step explanation:

Use the simple interest formula, I = prt

Plug in the initial amount, interest rate, and number of years

I = prt

I = (1506)(0.025)(3)

I = 112.95

So, the interest created in 3 years is $112.95

Answer Link
acohen070501 acohen070501
  • 13-02-2021
I = PRT ; P=$1506 , R=2.5% , T=3 years

I = (1506)(.025)(3)
I = 37.65 (3)
I = $112.95
Answer Link

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