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Holly opened a savings account at a local bank. She deposited $3,400.00 into the account 8 years ago. If the account earns an annual simple interest rate of 7.2%, how much inter…

Holly opened a savings account at a local bank. She deposited $3,400.00 into the account 8 years ago. If the account earns an annual simple interest rate of 7.2%, how much inter…
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Holly opened a savings account at a local bank. She deposited $3,400.00 into the account 8 years ago. If the account earns an annual simple interest rate of 7.2%, how much interest has she earned?

User Rob Angelier
by
7.6k points

1 Answer

4 votes
I=prt
I=3,400×0.072×8
I=1,958.4
User Christy
by
8.0k points
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