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Mr.Rogers opened a savings account with an initial deposit of $4,000 and will not make any additional deposits or withdrawals. The account earns a 2% simple interest. What is the total amount that Mr.Rogers
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Mr.Rogers opened a savings account with an initial deposit of $4,000 and will not make any additional deposits or withdrawals. The account earns a 2% simple interest. What is the total amount that Mr.Rogers will have in his account at the end of 3 years?

User Bruno Lemos
by
4.4k points

1 Answer

6 votes

Answer:

£4240

Explanation:

2%of 4000=80

80x3=240

4000+240=4240

User Sanmeet
by
3.5k points
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