If a savings account pays 3% simple annual interest, a deposit of $250 will earn $______ in 2 years. (Give your answer as a whole number.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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If a savings account pays 3% simple annual interest, a deposit of $250 will earn $______ in 2 years.

(Give your answer as a whole number.)
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