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If $400 is put in the bank and each year the account earns 7% simple interest, then how much interest will be earned in three years?

If $400 is put in the bank and each year the account earns 7% simple interest, then how much interest will be earned in three years?
asked 220k views
2 votes
If $400 is put in the bank and each year the account earns 7% simple interest, then how much interest will be earned in three years?

asked
User Pavel Timoshenko
by
8.5k points

2 Answers

3 votes

Answer:48

Explanation:

Just do 400(0.07)(3)=48

answered
User Jamin Grey
by
7.6k points
1 vote
400x1.07^3
Which is $490.0172
answered
User Imjoseangel
by
7.8k points
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