You deposited $700 in a savings account 4 years ago. The simple interest rate you earn is 4%. What is the amount of interest that you earned in those 4 years?

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Olivierlemasle asked Feb 14, 2022

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You deposited $700 in a savings account 4 years ago. The simple interest rate you earn is 4%. What is the amount of interest that you earned in those 4 years?

Mathematics
high-school

Olivierlemasle asked Feb 14, 2022

by Olivierlemasle

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Answer: $112

Explanation:

700x0.04=28x4=112

Itzg answered Feb 21, 2022

by Itzg

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