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BlackMilkTea
BlackMilkTea
10.05.2021 • 
Mathematics

That you have deposited the specified amounts in account. Calculate the interest you would earn for the specified time periods
and interest rates.
Calculating Simple Interest:
Principal x Interest Rate x Time = Interest
Note: Time is measured in years or fractions of years.
1. You deposit $250 in your savings account. How much would be in your account in three
years if you earned three percent interest and the interest was added to your account
once a year? (Hint: Add in the interest for each year prior to calculating the interest for
the following year.)
the first year
the second year
the third year


That you have deposited the specified amounts in account. Calculate the interest you would earn f

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