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Omar puts $8,000 in a savings account. The account earns 6% simple interest each year. How much interest will Omar earn in 4 years?
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2 votes
Omar puts $8,000 in a savings account. The account earns 6% simple interest each year. How much interest will Omar earn in 4 years?

User Mushy
by
7.6k points

1 Answer

3 votes

Answer:

$1920

Explanation:

Simple interest = principal x time x interest rate

8000 x 0.06 x 4 = $1920

User Rcpinto
by
8.3k points
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