Question

1. How much interest

will Hannah earn in 4 years if she
deposits $630 in a savings account at
6.5% simple interest?

Answer 1

$163.8 more.

Explanation:

Let's use the formula Principle × Rate × Time, or PRT to find our simple interest. Let's fill in the blanks. Our principle is $630. Our rate is 6.5% and our time is 4 years. Next, we multiply all this. $630 × 13/200 × 4. Our answer would be 163.8. I hoped this helped.