. Caleb deposits $50.00 into a new savings account. *The account earns 5.5% simple interest per year *No money is added or removed from the savings account for 3 years. What is the total amount of money in his savings account at the end of the 3 years? A. S825.00 O B. S58.25 O C. S8.25 D. $33.25

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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7. Caleb deposits $50.00 into a new savings account.
*The account earns 5.5% simple interest per year
*No money is added or removed from the savings account for 3 years.
What is the total amount of money in his savings account at the end of the 3
years?
A. S825.00
O B. S58.25
O C. S8.25
D. S33.25
Transcribed Image Text:7. Caleb deposits $50.00 into a new savings account. *The account earns 5.5% simple interest per year *No money is added or removed from the savings account for 3 years. What is the total amount of money in his savings account at the end of the 3 years? A. S825.00 O B. S58.25 O C. S8.25 D. S33.25
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