Question

Hey Siri Timothy nvested 12,000 in an account that pays 4% annual simplest interest .timothy will not make any additional deposits or withdrawals . How much interest will Timothy earn on his investment at the end of 4 years

Answer 1

$1920

Explanation:

He starts with 12,000 dollars. If he makes 4 percent of that, he is making 480 dollars every year. So you know how much he is making every year, you need to know what he is making in 4 years. 480 * 4 = 1920

Answer 2

Answer: Timothy will have $1,920 at the end of 4 years.

Step-by-step explanation: Remember, I=prt. So multiply 12,000x0.04x4. The final answer is $1,920.