Question

Joey puts $3,000 in a bank account that has a simple interest rate of 7.8%. How much will Joey have after 4 years

Answer 1

Explanation:

3000 is the total / 100%.

so you need to know 1% and then multiple the answer with 7.8. that is how much she gets in an year. Then we multiple 4 and that is the answer.

i am very sorey if i got it wrong