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Sam deposited $500 into a savings account that earns4% simple interest for 3 years.

Sam deposited $500 into a savings account that earns4% simple interest for 3 years.
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Sam deposited $500 into a savings account that earns4% simple interest for 3 years.

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User Hwschuur
by
7.8k points

1 Answer

7 votes

ok

I = 500 x 0.04 x 3

I = 60

Earnings = $60

Total money = 500 + 60

= $560

answered
User TheRealWorld
by
8.4k points
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