Question

pam invested $4200 in a savings account with a yearly interest rate of 4% for 7 years. How much simple interest did she earn

Answer 1

The answer is 1176

Step-by-step explanation:

Answer 2

4% = 0.04 <----- multiplier.

$4200 * 0.04 = $168

7 years = $168 * 7
= $1176

Total Earnings = $4200 +$1176
= $5376