Nina deposits $3500 into a savings account. the rate of simple interest is at 5.5% annually. By how much does the amount in her account incr

Question

Nina deposits $3500 into a savings account. the rate of simple interest is at 5.5% annually. By how much does the amount in her account increase each year?

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  1. Charlotte
    0
    2022-01-11T20:41:15+00:00

    I’m not 100% sure but 3500*0.055=192.50

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