Jason deposited $280 into a bank account paying 2.5% simple annual interest. At this simple interest rate, about how much would it be the interest after five years?

Jason will have earned $35 in simple interest.

Step-by-step explanation:

Simple interest = Principal * rate * time

S. I = P * r * t

Principal = the amount deposited = $280

rate = 2.5%

time = 5 years

S. I = 280 * 2.5% * 5

S. I = 7*5

S. I = $35

Therefore, in 5 years, Jason will have earned $35 in simple interest.