Question

Blanche invested $9800 in a savings account with a yearly interest rate of 2% for 15 years. How much simple interest did she earn?

Oct 23, 2014

Po = $9800, r = 0.02, t = 15yrs.

I = Po*r*t

Oct 25, 2014

I=prt
I=9800*.02*15=$2,940

Oct 30, 2014

294

Dec 14, 2017

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