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An account earns a simple interest. 700$ at 8% for 6 years a.Find interest earned b.find balance of the account.

An account earns a simple interest. 700$ at 8% for 6 years a.Find interest earned b.find balance of the account.
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19 votes
An account earns a simple interest.

700$ at 8% for 6 years
a.Find interest earned
b.find balance of the account.

asked
User Ethan Leroy
by
8.3k points

1 Answer

7 votes
Interest is $336

Account balance is $1036 at the end of 6 years
answered
User Nico Spencer
by
8.9k points
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