Answer:
Felicia earn $687.5 as interest.
Step-by-step explanation:
We are given that Felicia invests $25,000 in a savings account that pays 2.75% simple interest.
Principal = $25000
Rate of interest = 2.75%
We are supposed to find interest does Felicia earn each year
Formula :[tex]SI = \frac{P \times T \times R}{100}[/tex]
Substitute the values in the formula
[tex]SI = \frac{25000 \times 1 \times 2.75}{100}[/tex]
SI = 687.5
Hence Felicia earn $687.5 as interest.
Answer:
$687.50
Step-by-step explanation:
Amount of interest Felicia earns each year
= 2.75% × $25000
= $687.50
