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Steve opens a bank account with a simple annual interest rate of 5%. After four years, how much interest will Steve earn on an initial deposit of $800? $160 $140 $60 $40

Steve opens a bank account with a simple annual interest rate of 5%. After four years, how much interest will Steve earn on an initial deposit of $800? $160 $140 $60 $40
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4 votes
Steve opens a bank account with a simple annual interest rate of 5%. After four years, how much interest will Steve earn on an initial deposit of $800?

$160
$140
$60
$40

asked
User Delusional Logic
by
7.9k points

2 Answers

2 votes

Answer:

$40.00

Explanation:

answered
User Bodee
by
7.5k points
0 votes

Answer:

40

Explanation:

5% of 800 is 40

answered
User Hugo Lopes Tavares
by
8.4k points
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