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Stels [109]
3 years ago
14

Suzanne deposited $2,500 in a savings account earning 3.5% simple interest. What was the total interest earned after 6 years? Qu

estion 2 options:
$52.50



$450



$525



$4,500
Mathematics
1 answer:
pav-90 [236]3 years ago
4 0

Answer: $525 (choice C)

Work shown:

P = 2500 is the deposit amount, r = 0.035 is the decimal form of 3.5% interest, and t = 6 is the number of years. All of these values are plugged into the formula below:

i = P*r*t

i = 2500*0.035*6

i = 525


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