Herrera Mcdonald
02/20/2023 · Primary School
\( \$ 15,000 \) is invested for 3 months at an annual simple interest rate of \( 2 \% \). (a) How much interest will be earned? \( \$ \) (b) What is the future value of the investment after 3 months? \( \$ \)
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(a) Interest earned: $75
(b) Future value after 3 months: $15,075
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