Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four year?

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asked Jun 25, 2022 61.2k views

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Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four year?

Mathematics
college

Calvin Alvin asked

by Calvin Alvin

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1 Answer

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Answer:

Explanation:

1% of 500 is 5

5*4(amount of years) = £20

Wild Widow answered Jun 29, 2022

by Wild Widow

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