Question

Marco deposited $500 in a savings account earning 4% interest over 5 years.

What was the total amount of interest earned at the end of 5 years?

A.
$40

B.
$50

C.
$100

D.
$200

Answer 1

with some working out , i have got the answer and it C , this is a simple interest question , 500 × 0.04 × 5 is what we do to work it out

Answer 2

The answer to your question would be C.$100