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Calculate the amount of simple interest earned. $5,000 at 8% for 4 years

Calculate the amount of simple interest earned. $5,000 at 8% for 4 years
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1 vote
Calculate the amount of simple interest earned. $5,000 at 8% for 4 years

User Aniket Pawar
by
7.9k points

1 Answer

3 votes

Answer:

$6600

Explanation:

(5000)(1.08)=400

400x4=1600

5000+1600=6600

User GAMELASTER
by
7.3k points
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