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Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four year?

Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four year?
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3 votes
Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four year?

asked
User Calvin Alvin
by
8.7k points

1 Answer

4 votes

Answer:

20

Explanation:

1% of 500 is 5

5*4(amount of years) = £20

answered
User Wild Widow
by
8.5k points
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