- Brady deposited $600 into a new com
savings account that earns 2.5% SI
simple interest. If Brady makes no
other deposits or withdrawals, how
much interest will the account have
earned after 5 years?

Respuesta :

Answer:

Brady will have earned $75 in interest.

Step-by-step explanation:

The interest formula is i = p*r*t, where p is the principal amount, r is the interest rate as a decimal fraction, and t is the number of years.

Here, i = $600(0.025)(5 yr) = $75.

Brady will have earned $75 in interest.

Answer: The correct answer is $75

Step-by-step explanation: