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Jada invest $590 in a money market account. Her account pays 7% simple interest. How much interest will Jada earn after 4 years of simple interest? What is the new balance of the account after the four
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Jada invest $590 in a money market account. Her account pays 7% simple interest. How much interest will Jada earn after 4 years of simple interest? What is the new balance of the account after the four years?

User Farzan Hajian
by
7.1k points

1 Answer

6 votes

Answer:

165.2

Explanation:

7%x4=28

28 percent of 590 = 165.2

User Hemanth Kondapalli
by
8.7k points
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