Question

Jaylen has $1,400 in his savings account. He earns a simple interest of 4% per year. If he makes no deposits or withdrawals, how much interest will he make in one year?

Answer 1

4 percent of 1,400 is 56 because if you use this method below called the butterfly method you buy your awnser is 56

Answer 2

he would have $1456 or $56 dollars of interest

Explanation:

1400(1+.04) = 1456. simple interest formula is A = P(1 + rt)