Homework Help: Algebra Grade 7

Posted by rawr... im a dinosaur.... rawr on Thursday, October 18, 2012 at 5:59pm.

If a bank offers a savings account that pays simple interest rate of 4% and you deposit $475.00 into this account, how much interest will you have earned after 3 years?

Algebra Grade 7 - Ms. Sue, Thursday, October 18, 2012 at 6:03pm
Interest = Principal * Rate * Time

I = 475 * 0.04 * 3

I = ?

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