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Marc deposits $1000 into a savings account. The account pays 4% simple Interest on an annual basis. Is he does not add or withdraw money from the account, how much interest will he earn after 9 montgs?
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Marc deposits $1000 into a savings account. The account pays 4% simple Interest on an annual basis. Is he does not add or withdraw money from the account, how much interest will he earn after 9 montgs?

A. $10

B.$20

C$30

D.$40

User Isquierdo
by
4.7k points

1 Answer

1 vote

Answer:

C

Explanation:

1000*0.04 = 40

(9/12) * 40 = 30

User Laukik Patel
by
4.1k points
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