An 8th grader put $500 into a savings plan that pays 3.75% simple interest. If no additional investment is made into the savings account, how much accumulated interest should the 8th grader expect at the end of 15 years.
2 answers:
Answer:
the answer is $ 281.25
Step-by-step explanation:
Answer:
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
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Step-by-step explanation:
Step-by-step explanation:
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