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Martha puts $240 in a savings account that earns 2% interest. if she leaves her money in the account for 5 years, how much simple interest will she earn Letter L by the way

Martha puts $240 in a savings account that earns 2% interest. if she leaves her money in the account for 5 years, how much simple interest will she earn Letter L by the way
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Martha puts $240 in a savings account that earns 2% interest. if she leaves her money in the account for 5 years, how much simple interest will she earn

Letter L by the way

Martha puts $240 in a savings account that earns 2% interest. if she leaves her money-example-1
asked
User Yary
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8.4k points

1 Answer

1 vote

Answer:

The final balance is $265.24.

The total compound interest is $25.24.

answered
User Gloria Santin
by
8.1k points
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