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13. Ruby deposited $1,200 in an account that pays 5% in simple interest. How much will the account earn after 8 years? A) $4,800 B) $96 C) $480 O D) $48 WILL GIVE BRAIN :)
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13. Ruby deposited $1,200 in an account that pays 5% in simple interest.

How much will the account earn after 8 years?
A) $4,800
B) $96
C) $480
O D) $48

WILL GIVE BRAIN :)

User Therealstubot
by
7.3k points

1 Answer

5 votes

Answer:

The answer is $480

Explanation:

1,200 multiplied by 5% = 60 and 60 multiplied by 8 = 480

User Lilydjwg
by
7.1k points
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