Mathematics

Question

Rosa put $750 into a savings account that earns 3% simple interest each year she plans to put no more money into this account how much money will be in the account in a year?

1 Answer

  • After 1 year, there will be 3% more money in it. So, multiply 750 by 1.03 to get 772.5
    There will be $772.50 in the account in a year.

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