Question

Cluseposited $3,500 into a savings account 2 years ago. The simple interest rate is 4% how much

money did Liu earn in interest? What would the account earn in 10 years
The account and In interest


Pls help!!!

Answer 1

Simple! She earned $280

Explanation:

3500 x 2 x 4 = 28000/100 = 280

In 10yrs operating on the same frequency of rate, she's gonna earn;

3500 x 10 x 4 = 140000/100 = $1,400.

Therefore, $1400 dollars is what she's gonna earn in 10 years time.