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Jolene bought a savings certificate that earned 2% in simple interest per year. She earned a total of $240 in interest over four years. How much was the certificate worth, with interest, after four years?
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Jolene bought a savings certificate that earned 2% in simple interest per year. She earned a total of $240 in interest over four years. How much was the certificate worth, with interest, after four years?

User Gerd Wagner
by
8.9k points

1 Answer

6 votes

Answer:

2×240=480

Explanation:

1 year 2%

4 year 240%

2×240=480

User Paolo Capriotti
by
8.6k points
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