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