120k views
1 vote
a savings account earns 5% simple interest per year. The principal in $1200. What is the balance after 4 years?

User Mbq
by
8.0k points

1 Answer

12 votes

Explanation:


1200 * 4 * 5 =

24,000

User Thaddeus
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories