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Marco deposited $500 in a savings account earning 4% interest over 5 years. What was the total amount of interest earned at the end of 5 years? A. $40 B. $50 C. $100 D. $200
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5 votes
Marco deposited $500 in a savings account earning 4% interest over 5 years.

What was the total amount of interest earned at the end of 5 years?

A.
$40

B.
$50

C.
$100

D.
$200

User Hcaelxxam
by
7.9k points

1 Answer

4 votes
500÷100×4=$20
$20×5=$100
thus ans is c
User Okarin
by
6.7k points
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