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28 January, 12:29

Janice deposited $750 in a savings account that earns 3.5% simple interest. How much interest has Janice earned by the end of the first year?

A.$776.25

B.$214.29

C.$2,625.00

D.$26.25

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Answers (1)
  1. 28 January, 14:50
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    Janice deposited $750 and a savings account earns 3.5% simple interest.

    r = 3.5% = 0.035

    I = $750 * 0.035

    I = $26.25

    Answer:

    Janice has earned

    D) $26.25
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