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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 is ​4%. How much money did Marsha earn in​ interest?
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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
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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
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