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Stephen places 950 pounds in a bank that pays 1.6 percent simple interest per year. How much interest will he earn each year

Stephen places 950 pounds in a bank that pays 1.6 percent simple interest per year. How much interest will he earn each year
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13 votes
Stephen places 950 pounds in a bank that pays 1.6 percent simple interest per year. How much interest will he earn each year

asked
User RePierre
by
8.4k points

1 Answer

8 votes

Answer:

15.2

Explanation:

You have to divide 950 by 1.6 percent

950/1.6

answered
User ChristianFigueroa
by
9.2k points
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