Question

carter has 7,500 in a bank account that earns 3% simple interest per year. how much will be in the account after 5 years

Answer 1

Answer:

11.25

Step-by-step explanation:

7500 times 0.03 times 5 = 1125

1125 divided 100 = 11.25

simple interest formula = Amount times Rate times Time

                                                         Divide 100