Amy invest $3,000 in a savings account that pays 2.35% simple annual interest .She makes no other deposits or withdrawals for 3.5 years. Determine if each statement is true or false.A. Amy's account will earn $246.75 in interestB. Amy's account will be worth $2,753.25 after 3.5 years.C. Amy's account would earn $15.75 more in interest if the annual interest rate were raised to 2.5%​

A. The statement Amy's account will earn $246.75 in interest is TrueB. The statement Amy's account will be worth $2,753.25 after 3.5 yearsis FalseC. Amy's account would earn $15.75 more in interest if the annualinterest rate were raised to 2.5% is TrueStep-by-step explanation:Simple interest rule is I = Prt , where I is the interest, p is the money invested, r is the annual rate in decimal and t is the timeThe given is:1. The money invested is $3,0002. The simple annual interest is 2.35%3. The time is 3.5 years∵ P = 3000∵ r = 2.35 ÷ 100 = 0.0235∵ t = 3.5- Substitute these values in the rule above to find the interest∴ I = 3000(0.0235)(3.5) ∴ I = 246.75A. Amy's account will earn $246.75 in interest ⇒ TrueTo find the total money that Amy has after 3.5 years add the money invested to the interest∵ Total money = P + I∵ P = 3000 and I = 246.75∴ Total money = 3000 + 246.75∴ Total money = 3246.75 dollarsB. Amy's account will be worth $2,753.25 after 3.5 years ⇒ False∵ P = 3000∵ r = 2.5 ÷ 100 = 0.025∵ t = 3.5- Substitute these values in the rule above to find the interest∴ I = 3000(0.025)(3.5) ∴ I = 262.5∵ I of 2.35% = 246.75∴ The difference = 262.5 - 246.75 = 15.75C. Amy's account would earn $15.75 more in interest if the annualinterest rate were raised to 2.5% ⇒ TrueLearn more:You can learn more about interest in brainly.com/question/12773544brainly.com/question/1033449#LearnwithBrainly