Casey deposited $1,450 in a bank account with an interest rate of 4%. How much simple interest was earned in two years?

asked Aug 10, 2022 139k views

3 votes

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2 votes

Answer:

$116

Explanation:

The Simple Interest formula is i = prt. Here,

i = ($1,450)(0.04)(2 yr) = $116

Likestoski answered Aug 14, 2022

4.4k points

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