Question

16. Rosa deposited $500 in a savings account with a SIMPLE interest rate of 3% per year. If she made
no other deposits or withdrawals, how much interest would she earn after 2 years? *
(5 Points)
$1.50
$15.00
$3.00
$30.00

Answer 1

30 because 3% of 500 is 15then you multiply that by 2