Sam deposited $500 into a savings account that earns4% simple interest for 3 years.

Jerel asked Nov 22, 2023

21,287 views

19 votes

Jerel asked Nov 22, 2023

by Jerel

2.6k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

12 votes

I = 500 x 0.04 x 3

I = 60

Earnings = $60

Total money = 500 + 60

= $560

Pithyless answered Nov 26, 2023

2.8k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers