Amira invests money in an account paying simple interest. No money is added or removed from the investment. To find the balance after a year, she multiplies her current balance by 1.015 . What percent simple interest does the account earn per year? Answer: ______ %

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Amira invests money in an account paying simple interest. No money is added or removed from the investment. To find the balance after a year, she multiplies her current balance by 1.015 . What percent simple interest does the account earn per year? Answer: ______  %

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Understand the problem: Understand the problem. Amira's investment grows by a factor of 1.015 in one year. This means that for every dollar invested, she will have $1.015 after one year. The growth factor represents the original amount plus the interest earned.Determine percent increase: Determine the percent increase that the factor 1.015 represents. Since the original amount is considered to be 100% (or a factor of 1), the growth to 1.015 represents the original amount plus the interest. Therefore, the interest is the growth factor minus 1. Interest factor = 1.015 - 1 = 0.015Convert interest factor: Convert the interest factor to a percentage. To find the percentage, we multiply the interest factor by 100. Percent interest = 0.015 × 100% = 1.5%

Amira invests money in an account paying simple interest. No money is added or removed from the investment. To find the balance after a year, she multiplies her current balance by $1$ . $015$ . What percent simple interest does the account earn per year? $\newline$ Answer: ______ $\%$

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Amira invests money in an account paying simple interest. No money is added or removed from the investment. To find the balance after a year, she multiplies her current balance by 111.015015015 . What percent simple interest does the account earn per year?\newlineAnswer: ______ % \% %

Amira invests money in an account paying simple interest. No money is added or removed from the investment. To find the balance after a year, she multiplies her current balance by $1$ . $015$ . What percent simple interest does the account earn per year? $\newline$ Answer: ______ $\%$