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Angela invested $4000 in an account that earns 5% interest yearly (simple interest). She forgets about it for 12 years. What is the TOTAL amount of money in the account after those 12 years?
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Angela invested $4000 in an account that earns 5% interest yearly (simple interest). She forgets about it for 12 years. What is the TOTAL amount of money in the account after those 12 years?

User Drgmak
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1 Answer

0 votes

Answer:

$6400

Explanation:

4000x.05=200× 12=2400+4000=$6400

User Attila Zobolyak
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