152k views
0 votes
Marsha deposited ​$8500 into a savings account 2 years ago. The simple interest rate is ​4%. How much money did Marsha earn in​ interest?

Marsha deposited ​$8500 into a savings account 2 years ago. The simple interest rate-example-1
User RmIu
by
8.4k points

2 Answers

7 votes

Answer:

Marsha earned $340 in interest.

Explanation:

User Extraneon
by
7.5k points
2 votes
So Marsha has 8500 dollars and she gets 4 percent more over two years so 8500/100=85,85•4=340, 340•2=680 because it is over two years
User Morris Singer
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories