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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?

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?
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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?

User JasonRShaver
by
8.1k points

1 Answer

5 votes
C. $100 so you will take 500*.04 and then times it by 5 (5 years) and that will be your answer :)
User Dafmetal
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7.5k points
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