Interest after 1 year: 2
S=
. $
) Victoria has another account at the bank
that pays 2 % simple interest. How
much interest will she earn in 8 years on
an initial deposit of $250 assuming she
neither adds to nor withdraws from the
account?
= $
Interest after 8 years:
2.
-% interest expressed as a decimal
I = $
is
= $
>) Convince Me!
Victoria Will earn $
in interest
Would the interest for the second year