Question

Dan has 500 dollars in the bank. His money earns 3 percent interest. If he doesn't deposit or withdraw any money, how much interest will he earn in 8 years?

Answer 1

it's about simple interest and which is very easy to solve

Simple Interest
Where
P=500
R=3
T=8

S.I=P.R.T/100
S.I=500*3*8/100
S.I=12000/100
S.I=120 $
So answer is 120$ interest will he earn in 8 year

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