Register

You put $400 in a savings account. The account earns 2% simple interest per year. a. What is the interest earned after 6 years? b. What is the balance after 6 years?

You put $400 in a savings account. The account earns 2% simple interest per year. a. What is the interest earned after 6 years? b. What is the balance after 6 years?
218k views
2 votes
You put $400 in a savings account. The account earns 2% simple interest per year. a. What is the interest earned after 6 years? b. What is the balance after 6 years?

User Cahlan Sharp
by
7.7k points

1 Answer

7 votes
I think you go
400(.02)(6)=48
400+48=448
I believe this is the answer.
User EdwynZN
by
8.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!