❗️❗️❗️❗️❗️PLEASE HELP SIMPLE INTEREST!! Lesson 6.7 ❗️❗️❗️❗️ A savings account earns 5% simple interest per year. The principal is $1200. What’s the balance after 4 years

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asked Dec 14, 2020 94.1k views

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❗️❗️❗️❗️❗️PLEASE HELP SIMPLE INTEREST!! Lesson 6.7 ❗️❗️❗️❗️

A savings account earns 5% simple interest per year. The principal is $1200. What’s the balance after 4 years

Mathematics
middle-school

Jeyamaran asked

by Jeyamaran

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1200 * 0.05 * 4 = 240$ the amount of interest after 4 years.

total 1200+240=1440$

Ben Keating answered Dec 18, 2020

by Ben Keating

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