pcooper03 pcooper03

21-05-2020
Mathematics

contestada

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.

Respuesta :

pizzadogde pizzadogde

21-05-2020

Answer:

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

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