Ask Question
10 February, 07:49

Calculate the interest earned on a savings account with $660.00 that is invested at 3.5% annual simple interest for 5 years.

A. $23.10

B. $26.40

C. $69.30

D. $115.50

+1
Answers (1)
  1. 10 February, 08:02
    0
    Hello!

    660 * 3.5% = 23.1

    23.1 * 5 = 115.50

    The interest earned is: D. $115.50.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Calculate the interest earned on a savings account with $660.00 that is invested at 3.5% annual simple interest for 5 years. A. $23.10 B. ...” 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