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You deposit $150 in a savings account that earns simple interest at a rate of 5.5% per year. How much interest will you have earned after 4 years? Please show work :)

You deposit $150 in a savings account that earns simple interest at a rate of 5.5% per year. How much interest will you have earned after 4 years? Please show work :)
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You deposit $150 in a savings account that earns simple interest at a rate of 5.5% per year. How much interest will you have earned after 4 years?

Please show work :)

User Gildardo
by
8.7k points

1 Answer

1 vote
the answer is 109$ i think
User SilentGuy
by
7.5k points
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