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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?

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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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?

User Rjd
by
8.2k points

1 Answer

5 votes

Answer: $112

Explanation:

700x0.04=28x4=112

User Peter Bridger
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