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Bob deposits $2480 into a savings account at 3% interest. At the end of four years how much simple interest does he earn? $7440 $297.60 $74.40 $360
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Bob deposits $2480 into a savings account at 3% interest. At the end of four years how much simple interest does he earn? $7440 $297.60 $74.40 $360
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Jul 8, 2022
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Bob deposits $2480 into a savings account at 3% interest. At the end of four years how much simple interest does he earn?
$7440
$297.60
$74.40
$360
Mathematics
middle-school
Vmx
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Vmx
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Ok here’s the equation you can run on the next one
A=P(1+rt) A is total P is current amount or starting amount r is annual interest and t is the amount of time
Your answer is
$297.60
Emanuelez
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Jul 14, 2022
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Emanuelez
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