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03-05-2018
Mathematics

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What is the interest on $250 at 3% for 30 years

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evalinamendez17 evalinamendez17

03-05-2018

You deposit $250 into a bank account paying 3% simple interest per year. You left the money in for 30 years. Find the interest earned and the amount at the end of those 30 years, The interest is $225 and the amount is $475 that is the answer.

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[tex] - \frac{3}{2} + \frac{8}{5} [/tex]