Question

6. Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 8 years. Then find the total of principal plus interest.​

Answer 1

$1320

Explanation:

4%=0.04

Intrest = 0.04x8

Intrest = 0.32

Intrest = 1000x0.32

Intrest = 320

Then add 1000+320=1320