Edward deposited $5,000 into a savings account 3 years ago. The simple interest rate is 4%. How much money did Edward earn in interest?

asked Jun 12, 2023 232k views

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Edward deposited $5,000 into a savings account 3 years ago. The simple interest rate is 4%. How

much money did Edward earn in interest?

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7 votes

Answer:

si = prt/100

so si = 5000x3x4/100

si = 50x3x4

which is 600

so he earned 600$ in interest

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