Question

if you deposit $800 in a savings account that earns simple interest at a rate of 1.5% per year, how much interest will you have earned after 5 years?

Answer 1

Your first year you would have 812. Your second year you would have 824.18. Your third year you would have 836.54. Your fourth year you would have 849.08. Your 5th year you would have 861.81.

Answer 2

You would have $60 after 5 years..I'm not 100% sure, sorry.