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tatyana61 [14]
3 years ago
14

James deposited $575 into a bank account that earned 5.5% simple interest each year. If no money was deposited into or withdrawn

from the account, how much money was in the account after ​ ​ 2 1/2 ​ ​ years? Round your answer to the nearest cent. Enter your answer in the box.
Mathematics
2 answers:
djverab [1.8K]3 years ago
8 0

Answer:

1516.56

Step-by-step explanation:

Multiply money by intrest and multiply by amount of years

MrRa [10]3 years ago
4 0

Answer:

79.06

Step-by-step explanation:

the formula for simple interest

I = Prt

p is the principal

r is the interest rate

t is the time

I = 575 (.055) 2.5

I = 79.0625

round to the nearest cent

79.06


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