Cluseposited $3,500 into a savings account 2 years ago. The simple interest rate is 4% how much money did Liu earn in interest? What would the account earn in 10 years The accou…

Question

asked Sep 10, 2022 227k views

1 Answer

Roman Minenok · Answer 1 · 2022-09-15T05:59:37+0000

Answer:

Simple! She earned $280

Explanation:

3500 x 2 x 4 = 28000/100 = 280

In 10yrs operating on the same frequency of rate, she's gonna earn;

3500 x 10 x 4 = 140000/100 = $1,400.

Therefore, $1400 dollars is what she's gonna earn in 10 years time.