In order to help her save money for college, Peyton's grandparents deposited $10,000 into a savings

Question

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?

Answer 1

5 * 0.0375 * 10,000
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