If $600 is put in the bank and each year the account earns 7 % simple interest, then how much interest will be earned in two years? $42 $63 $84 $420

asked Aug 4, 2024 227k views

5 votes

If $600 is put in the bank and each year the account earns 7 % simple interest, then how much interest

will be earned in two years?
$42
$63
$84
$420

8.2k points

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1 vote

Answer: $84

Explanation:

The interest earned in 2 years would be $600 * 7% * 2 = $84.

TrueCamelType answered Aug 10, 2024

7.2k points

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