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Katrina deposits 500$ into savings account that pays 4% simple interest. how much does she earn in 3 years if she makes deposits? round to the nearest cent.

Katrina deposits 500$ into savings account that pays 4% simple interest. how much does she earn in 3 years if she makes deposits? round to the nearest cent.
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2 votes
Katrina deposits 500$ into savings account that pays 4% simple interest. how much does she earn in 3 years if she makes deposits? round to the nearest cent.

User Skylize
by
7.3k points

1 Answer

3 votes
she will earn $60
begin by multiplying 500x.04=20
then multiply by 3 to equal $60
that is how much she'll earn
User Enes Islam
by
8.2k points
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