Asked by Rewas
In order to help her save money for college, Peyton's grandparents deposited $10,000 into a savings
account five years ago. Peyton has not made any withdrawals or deposits since then. The interest
rate on the savings account is 3.75% each year.
Using simple interest, how much interest has accrued in Peyton's savings account?
account five years ago. Peyton has not made any withdrawals or deposits since then. The interest
rate on the savings account is 3.75% each year.
Using simple interest, how much interest has accrued in Peyton's savings account?
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