Ask Question
18 March, 00:39

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

+2
Answers (1)
  1. 18 March, 00:59
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers