Question

carleen deposited $19,400 in a bank account that earned simple interest at an interest rate of 3.8% how much interest was earned in 8 years

Answer 1

You have earned $5897.6 in 8 years and $25,297.6 in total.

Explanation:

first do 3.8% x 8 (since it’s 8 years) which you’ll get 30.4%.

second do 30.4% x 19400 = 5897.6 (that’s what’s earned)

(then just add 5897.6 to get the total of $25297.6)