Jaycee Alvarez deposits $300 in a savings account at City Bank. The account pays an annual interest rate of 5%. She makes no other deposits or withdrawals. After three months the interest is calculated. How much simple interest does her money earn? Select one: O a. $4.25 O b. $4.00 O c. $3.75 O d. $3.99

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A: Brooke will recieve C $117.41Explanation:

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Q: 4.15%.Find the amount of interest earned and the total value of her account after 18 years.

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A: Compound interest formula is used

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A:

Q: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

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Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.