Ask Question
27 June, 21:57

Holly opened a savings account at a local bank. She deposited $1,400.00 into the account 8 years ago. If the account earns an annual simple interest rate of 4.7%, how much interest has she earned?

+2
Answers (1)
  1. 27 June, 22:09
    0
    The answer is $526.40

    I = P*R*T

    I = 1400*.047*8

    I=$526.40
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Holly opened a savings account at a local bank. She deposited $1,400.00 into the account 8 years ago. If the account earns an annual simple ...” 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