The amount of interest Chris will earn can be found by multiplying the principal (initial amount deposited) by the interest rate as a decimal:
$1,500 x 0.05 = $75
Therefore, the answer is g) $75.
Chris put $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is the amount of interest Chris will earn the first year her money is in the savings account?
f $750 g $75 h $500 j $50
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