Grade 7 Math Practice: Simple Interest

Evangelina deposits $120 into a new savings account.

• The account earns 6.5% simple interest per year.
• No money is added or removed from the savings account for 3 years.

What is the total amount of interest earned at the end of the 3 years?

Abby deposits $70 into a new savings account.

• The account earns 5% simple interest per year.
• No money is added or removed from the savings account for 3 years.

What is the total amount of money in her savings account at the end of the 3 years?