Question

An account earns simple interest.

$700 at 8% for 6 years

a. Find the interest earned.
BFind the balance of the account.

Answer 1

interest is 336

Account balance is 1036

Explanation:

Formula for simple interest is i=p*r*t

For the total you add 700 to 336

*8% is converted to 0.08

sorry i messed up