Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in

Question

zmey [24]

2 years ago

13

Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in

interest

Mathematics

2 answers:

viva [34] · Answer 1 · 2022-10-23T22:16:28+03:00

viva [34]2 years ago

7 0

Im pretty sure he earned 495 in interest, because you take 5,500 time .03 (from the three percent) and you get 165- then multiply by three because of the three years (495)

Naddika [18.5K] · Answer 2 · 2022-10-24T00:13:14+03:00

Naddika [18.5K]2 years ago

7 0

I think the answer could be 8,000 I’m not good at explaining things but if you solve it it’s 8,000

Edward deposited ​$5,500 into a savings account 3 years ago. The simple interest rate is 3​%. How much money did Edward earn in​

Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in