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Lucy has $60,000 in a savings account that earns simple interest of 14% per year. How much will she have in her account after 5 years?

Lucy has $60,000 in a savings account that earns simple interest of 14% per year. How much will she have in her account after 5 years?
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Lucy has $60,000 in a savings account that earns simple interest of 14% per year. How much will she have in her account after 5 years?

User KisnardOnline
by
7.6k points

1 Answer

2 votes

Answer:

$42,000

Step-by-step explanation:

60,000 × .14 × 5 = 42,000

User GiDo
by
7.5k points
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