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Cody has $700 in a savings account that pays 4% simple interest. How much will he have in 1 year?

Cody has $700 in a savings account that pays 4% simple interest. How much will he have in 1 year?
asked 188k views
2 votes
Cody has $700 in a savings account that pays 4% simple interest. How much will he have in 1 year?

asked
User Huzle
by
7.7k points

1 Answer

5 votes

Answer:

$757.12

Explanation:

700x1.04^2=757.12

answered
User Margaret
by
8.5k points
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