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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 Sander De Dycker
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2 Answers

4 votes
The certificate was worth $120 after four years.
User Lasse
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3 votes
The answer for your question is that it is 120
User Floatingfrisbee
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