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Mia opens a new savings account with $675 from her birthday last week. * The bank pays 8% annual simple interest * She makes no other deposits or withdrawals What would be her total interest in her account,
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34 votes
34 votes
Mia opens a new savings account with $675 from her birthday last week.

* The bank pays 8% annual simple interest

* She makes no other deposits or withdrawals

What would be her total interest in her account, at the end of 4 years?

User Magicrebirth
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1 Answer

19 votes
19 votes

Answer:

$891

Explanation:

This is Your Answer: $891, Steps below

Mia opens a new savings account with $675 from her birthday last week. * The bank-example-1
User Matt Janssen
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3.0k points
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