Janice deposited $750 in a savings account that earns 3.5% simple interest. How much interest has Janice earned by the end of th

Question

Elodia [21]

3 years ago

5

Janice deposited $750 in a savings account that earns 3.5% simple interest. How much interest has Janice earned by the end of th

e first year?
A.$776.25
B.$214.29
C.$2,625.00
D.$26.25

Mathematics

1 answer:

Ronch [10] · Answer 1 · 2022-02-01T00:27:18+03:00

Ronch [10]3 years ago

8 0

Janice deposited $750 and a savings account earns 3.5% simple interest.
r = 3.5% = 0.035
I = $750 * 0.035
I = $26.25
Answer:
Janice has earned
D ) $26.25