David has $245 in an account that earns 3% simple interest per year. how much interest will he earn in 4 years

Question

asked Oct 7, 2020 161k views

1 Answer

Roberto Canogar · Answer 1 · 2020-10-12T02:51:49+0000

Answer : $27.40

Work:

3%=0.03
Multiply 0.03 by 4 years and you get 0.12
Next, multiply $245 by 0.12 and then divide by 100% (100) and the answer would be 27.40 interest

David has $245 in an account that earns 3% simple interest per year. how much interest will he earn in 4 years

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions