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how much interesr will hannah earn in 4 years if she deposits $630 in a savings accout at 6.5% simple interest?
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how much interesr will hannah earn in 4 years if she deposits $630 in a savings accout at 6.5% simple interest?

User Akanshi Srivastava
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1 Answer

0 votes

Answer:

$163.80

Explanation:

630 x 6.5% = $40.95

Simple interest rate is the same interest each year (not compounding)

$40.95 x 4 years = $163.80

User Michael Brennan
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