Eric invested $20,500 in an account that earns 1% simple interest. He will make no more deposits or withdrawals.
How much interest will Eric earn at the end of 15 years?
a
$17,425.00
b
$3,075.00
c
$23,575.00
d
$30,750.00
what will Eric's account balance be at the end of 15 years?
a
$3,075.00
b
$30,750.00
c
$17,425.00
d
$23,575.00
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