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I NEED HELP ASAP!!!!!!!!!!!!!!!! Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest. How much is Mrs. Baxter's investment worth after 8 years? I need the formula, work, and solution.
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5 votes
I NEED HELP ASAP!!!!!!!!!!!!!!!!

Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest. How much is Mrs. Baxter's investment worth after 8 years?

I need the formula, work, and solution.

User Hdante
by
6.4k points

1 Answer

6 votes

Answer:

3200 i think

Explanation:

2,000/5=400

400x8=3200

User RKRK
by
6.6k points
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