Question

rita put $2,000 in a bank account that pays at 4% annual simple interest at the end of 9 months he decides to take her money out of the account how much interest has she earned in what is the balance of her account

Answer 1

$666.66

Explanation:

4%/12=0.33333

0.33333*9= 3%

2,000/3=$666.66

2,000+666.66=$2,666.66