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A new bank customer with ​$3,200 wants to open a savings account. The bank is offering a simple interest rate of 5​%. How much interest will the customer earn after 4 years? A- $640 B- $160 C- $40 D- $960
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A new bank customer with ​$3,200 wants to open a savings account. The bank is offering a simple interest rate of 5​%. How much interest will the customer earn after 4 years?

A- $640
B- $160
C- $40
D- $960

User Gigablah
by
8.8k points

2 Answers

5 votes
The answer would be:
A-$640

Step-by-step explanation:
5% of $3200 =$160
$160x4=$640
User Fpilee
by
8.5k points
2 votes

Answer:

A. $640

Step-by-step explanation:

User Clever
by
8.8k points
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