Question

Alec opened up a savings account with $2,500 and the account will earn 3.5% simple interest. How much money will he have in 15 years?

Answer 1

Answer:

3812.5

Step-by-step explanation:

2500 x 3.5% = 87.5 x 15 = 1312.5 + 2500 = 3812.5

Answer 2

The answer is 3,812.5 because you take 2,500 times 0.035 and multiply that number by 15 and then add that number to 2,500 and that gets you 3,812.5.