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?

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asked Nov 20, 2018 202k views

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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?

Mathematics
high-school

Rob Angelier asked

by Rob Angelier

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1 Answer

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I=prt
I=3,400×0.072×8
I=1,958.4

Christy answered Nov 26, 2018

by Christy

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