Megan opened a savings account with a $500 deposit. The account pays 1.25% simple interest each year. If she neither adds nor withdraws money from the account, how much interest will she earn after 3 years? help

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$500\\ r=rate\to 1.25\%\to \frac{1.25}{100}\dotfill &0.0125\\ t=years\dotfill &3 \end{cases} \\\\\\ I = (500)(0.0125)(3)\implies \boxed{I = 18.75}[/tex]

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Megan opened a savings account with a $500 deposit. The account pays 1.25% simple interest each year. If she neither adds nor withdraws money from the account, how much interest will she earn after 3 years? help​

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Megan opened a savings account with a $500 deposit. The account pays 1.25% simple interest each year. If she neither adds nor withdraws money from the account, how much interest will she earn after 3 years? help