Ask Question
11 October, 06:55

You put $800 in a savings account. The account earns 4% simple interest per year.

a. What is the interest earned after 5 years?

The interest earned is $__ after 5 years.

b. What is the balance after 5 years?

The balance is $__ after 5 years.

+4
Answers (1)
  1. 11 October, 07:06
    0
    A. 160

    B. 960

    Step-by-step explanation:

    The interest earned after 5 years is the balance - the initial balance: 160

    The balance is 800 * (1 +.04*5) : 960
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You put $800 in a savings account. The account earns 4% simple interest per year. a. What is the interest earned after 5 years? The ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers