1. Tyee LaFleure deposited $760. No other deposits or withdrawals were made, After 3 months the interest was computed at an annual interest rate of 5 percent. How much simple interest did his money earn!
There is a principle of $760 The money is in his account for 3 months, 1/4 of a year 5%= 0.05 I=Prt I=760×0.05×1/4 I=9.5 760+9.5=769.5 Solution: He will have $769.50 in his account
