Question

Jackie deposited $315 into a bank account that earned 1.5% simple interest each year.

No money was deposited into or withdrawn from the account.

How much money was in the account after ​3​ years?

Round your answer to the nearest cent.

Answer 1

Answer:

$329.93

Step-by-step explanation:

1.5% of $315 is 5.25 315 + 5.25 = 320.25 + 4.80(rounded) = $325.05 +  4.88(again, rounded) = $329.93, there it is the answer

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Answer 2

329.93 would be the correct answer