👤
Answered

Ed opened a savings account 5 years ago with
$600. The account earns 3% simple interest per
year, and Ed has not added or withdrawn from
the account. How much interest has Ed earned?

Answer :

NFEINGLASS910IN
Steps:

A = P(1 + rt)

600(1 + (0.03 × 5)) = 690

690 - 600 = 90

Answer: Ed has earned $90.00 in interest.

Brainliest would be appreciated. :)

In Trainings: Other Questions