Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

If you deposit $3,000 in a savings account that earns simple interest at a rate of 2.5% a year, how much interest would you have after 4 years?

Sagot :

Answer: the interest would be $300

Step-by-step explanation: you multiply all the numbers together but change the 2.5% to a decimal of 0.025