Question

Sophia has $30,000 in a savings account that earns 5% annually. The interest is not
compounded. How much interest will she earn in 3 months?

Answer 1

Answer: Q. Ricco deposits $500 in an account that earns 2.5% interest compounded annually for 3 years. Wally deposits $500 in an account that earns 5.1% interest compounded annually for 2 years. Wally deposits $500 in an account that earns 5.1% interest compounded annually for 2 years.

Step-by-step explanation: