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3 years ago

7

If you deposit $100 in a savings account that earns simple interest at a rate of 1.5% per year how much interest will you have e

arned after five years

2 answers:

Alexus [3.1K]3 years ago

7 0

Equation: L=P*R*T

P=100
R=1.5%=0.015
T=5

Multiply and you get 7.5 as the interest.

jeka943 years ago

6 0

$100 × 1.5 = $150

$150 × 5 = $750

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