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Susan has $800 in a savings account that earns 6% annually. If the interest is not compounded, how much interest will she earn in 5 years?

Susan has $800 in a savings account that earns 6% annually. If the interest is not compounded, how much interest will she earn in 5 years?
asked 6.2k views
4 votes
Susan has $800 in a savings account that earns 6% annually. If the interest is not compounded, how much interest will she earn in 5 years?

asked
User Onoma
by
8.0k points

1 Answer

5 votes

$240

800x.06= 48

48x5=240

answered
User Nikolay Kostov
by
8.7k points
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