NotSaying55
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Each year on the same day, Susan deposits $275 into a savings account that earns simple interest at a rate of 4.5%. She makes no withdrawals. In five years, how much interest does the account earn?

$12.38
$61.90
$99.01
$185.64



PLEASE HELP! AND SHOW WORK!

Respuesta :

Answer:b

hope this helps

quasarJose

Answer:

$61.90

Step-by-step explanation:

Simple interest (S.I) = principal (P) * rate (R)* time (T)

S.I = 275 * 0.045 *5 = $61.875

S.I = $61.875 which is approximately $61.90

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