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11-08-2020
Mathematics

contestada

Janice deposited $750 in a savings account that earns 3.5% simple interest. How much interest has Janice earned by the end of the first year? (1 point)

Respuesta :

11-08-2020

Answer:

$26.25

Step-by-step explanation:

We know that I = Prt where I = Interest, P = Principal, r = rate (as a decimal) and t = time (in years). Therefore:

I = 750 * 0.035 * 1 = $26.25

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