Travis invests 25,000$ in a savings account that pays 2.75% simple interest. How much interest does he earn each year?
A 787.50$
B 625.00$
C 657.50$
D 687.50$

Since Travis invest $25,000 in a savings account, and the account pays 2.75% simple interest, I believe you will need to multiply 25,000 by 2.75.
25,000x2.75=$687.50
Therefore, it would be D: $687.50

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JamieBoss JamieBoss · Answer 2 · 2015-03-23T20:28:38-04:00

JamieBoss JamieBoss

23-03-2015

I believe you start with 25,000 and multiply it by 0.0275 (2.75%) and you get D, $687.5 as your answer.

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Travis invests 25,000$ in a savings account that pays 2.75% simple interest. How much interest does he earn each year? A 787.50$ B 625.00$ C 657.50$ D 687.50$

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Travis invests 25,000$ in a savings account that pays 2.75% simple interest. How much interest does he earn each year?
A 787.50$
B 625.00$
C 657.50$
D 687.50$