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Each year, Paul's aunt gives him a birthday gift of $100 in cash. Paul deposits the money into an account that earns simple interest at a rate of 4%. Paul makes no withdrawals. How much interest has his
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Sep 14, 2022
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Each year, Paul's aunt gives him a birthday gift of $100 in cash. Paul deposits the money into an account that earns simple interest at a rate of 4%. Paul makes no withdrawals. How much interest has his account earned after 7 years?
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Answer:
100 *4% then divided 7 the number you got
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Afpro
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