224k views
6 votes
Find the total amount of interest earned on this savings account.

Time: 7 years

Interest Rate: 2.5%

Principal: $4,556

Interest:

$79.73
$797.30
$7,973
$79,730

User Yjw
by
5.1k points

1 Answer

13 votes

Answer:

$797.3

Explanation:

4556 x 0.025 x 7 = $797.3

User Splines
by
4.2k points