brianafraley brianafraley
  • 27-10-2021
  • Mathematics
contestada

Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four years?

Respuesta :

katiebaker419
katiebaker419 katiebaker419
  • 27-10-2021

Answer:

$80 simple interest.

Step-by-step explanation:

That is correct because the simple interest that Sami earns is 4% each year and 4% of %500 is $20. So if she will earn $20 in simple interest a year then in four years she will have earned $80.

I hope this helps!!!! Please mark my answer as the Brainiest!!!!

Thank you so much if you do!!!!

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