Question

Sash has $80.000 in a savings account. The interest rate is 4% per year and is not compounded. How much interest will she earn in 5 years??

Answer 1

Answer:$16,000 in interest

Step-by-step explanation: well, you just take 4% of 80,000 which is $3200. (80,000x0.04=3200). Then because it is 5 years, just multiply the 3200 by 5 (there isn't compound interest.) 3200*5=16,000.