Question

Maizes grandmother open the second account with $75 for her when she was born the account is 4% simple interest each year when Maize is 10 years old how much will she have in the savings account?

Answer 1

She'd have $45

Explanation:

4% of 75 is 3 dollars.

So 3 dollars per year and after 10 years the account lost $30 to the simple interest.

3*10(AmountOfYears)=30

So 75-30=45

$45 would be left in the savings account.