Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest

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17-03-2021
Mathematics

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Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest

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jojiluvr jojiluvr · Answer 1 · 2021-03-17T20:42:12+01:00

jojiluvr jojiluvr

17-03-2021

Im pretty sure he earned 495 in interest, because you take 5,500 time .03 (from the three percent) and you get 165- then multiply by three because of the three years (495)

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mariah1007 mariah1007 · Answer 2 · 2021-03-17T20:44:35+01:00

mariah1007 mariah1007

17-03-2021

I think the answer could be 8,000 I’m not good at explaining things but if you solve it it’s 8,000

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Edward deposited ​$5,500 into a savings account 3 years ago. The simple interest rate is 3​%. How much money did Edward earn in​ interest

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Edward deposited $5,500 into a savings account 3 years ago. The simple interest rate is 3%. How much money did Edward earn in interest