Question

Rosa invests $2300 in the bank at a 7% interest for 9 years. What is the simple interest?

Answer 1

7% of 2300 = 161 x 9 = 1449

Answer 2

WARNING - I wasn't told whether if it was annual or monthly contributions so this might not be correct.

Answer:

$1449.00

Step-by-step explanation:

I = 2300 × 0.07 × 9 = 1449

I = $ 1,449.00