Question

Janice deposited $750 in a savings account that earns 3.5% simple interest. How much interest has Janice earned by the end of the first year?

A.$776.25
B.$214.29
C.$2,625.00
D.$26.25

Answer 1

Janice deposited $750 and a savings account earns 3.5% simple interest.
r = 3.5% = 0.035
I = $750 * 0.035 
I = $26.25
Answer:
Janice has earned
D ) $26.25