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Ashley deposited $4,000 into a savings account that earns 4% simple interest. How much interest did she earn after three years?

Ashley deposited $4,000 into a savings account that earns 4% simple interest. How much interest did she earn after three years?
asked 9.4k views
5 votes
Ashley deposited $4,000 into a savings account that earns 4% simple interest. How much interest did she earn after three years?

asked
User Lendrick
by
7.4k points

1 Answer

5 votes

Answer:

for the 1st year she earned 160 so for 3 years she will earn $480

answered
User SeedyROM
by
8.7k points
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