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Marshall has $4000 in his bank account. It yields 8% simple interest annually. How much money in interest will the account have gained in 5 years? PLSSS HELP QUICKLY
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5 votes
5 votes
Marshall has $4000 in his bank account. It yields 8% simple interest annually. How much money in interest will the account have gained in 5 years?

PLSSS HELP QUICKLY

User Pro Q
by
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1 Answer

2 votes
2 votes

Answer:

$1600

Explanation:

Interest = Principal x Rate x Time

I = 4000 x .08 x 5

I = 1600

User NeepNeepNeep
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