78.8k views
9 votes
Kaylen's father invests $8,000 in a savings account that earns 5% interest. Assuming that Kaylen's Father does not deposit or withdraw money over the next 2 years, how much interest will he earn?

User Abernier
by
7.3k points

1 Answer

7 votes

Answer:

$1,000 interest

Explanation:

turn 5% to 0.5

multiply 8,000 times 0.50

User Joshc
by
6.7k points