Question

Ralph deposited $910 in an account that pays 1.75% simple interest, for three years.
How much interest did the account earn?
What is the ending balance?
How much interest did the account earn the first year?
How much interest did the account earn the third year?

Answer 1

Answer:

Find the interest. Formula interest = PRT Principal x rate x time

910.00 x 1.75% x 1 =

910.00 x 0.0175 x 1 =

15.93 is the interest.

Step-by-step explanation: