You put $800 in a savings account. The account earns 6% simple interest. How much interest will be earned after 4 years?

asked Aug 21, 2021 72.0k views

5 votes

You put $800 in a savings account. The account earns 6%

simple interest. How much interest will be earned after 4
years?

4.2k points

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5 votes

Answer:

992

Explanation:

1. 800/1 x 6/100 = 48 x 4 = 192 +800 = 992

2. 6 x 4 =24

800/1 x 24/100 = 192 + 800 = 992

Sunil Acharya answered Aug 25, 2021

5.4k points

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