204k views
12 votes
To be able to buy a new computer, Yoko decides to save for 5 years. She opens a savings account with $400. The account pays simple interest at an annual rate of 2%. She doesn't make any more deposits.

(a) How much total interest will Yoko earn?
(b) What will the total amount in the account be (including interest)?

User Vpontis
by
6.4k points

1 Answer

5 votes

Answer:

A) $40 total interest

B) $440

User Oriberu
by
5.7k points