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Kaylen's father invests $8,000 in a savings account that earns 5% interest. Assuming that Kaylen's Father does not deposit or withdraw money over the next 2 years, how…

Kaylen's father invests $8,000 in a savings account that earns 5% interest. Assuming that Kaylen's Father does not deposit or withdraw money over the next 2 years, how…
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Kaylen's father invests $8,000 in a savings account that earns 5% interest. Assuming that Kaylen's Father does not deposit or withdraw money over the next 2 years, how much interest will he earn?

asked
User Abernier
by
8.1k points

1 Answer

7 votes

Answer:

$1,000 interest

Explanation:

turn 5% to 0.5

multiply 8,000 times 0.50

answered
User Joshc
by
7.6k points
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