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A savings account earns 5 percent simple interest per year the principle is 1200. what is the balance after four years. worth 25 points!

A savings account earns 5 percent simple interest per year the principle is 1200. what is the balance after four years. worth 25 points!
asked 190k views
1 vote
A savings account earns 5 percent simple interest per year the principle is 1200. what is the balance after four years. worth 25 points!

asked
User Yianna
by
8.6k points

1 Answer

2 votes

Answer: 60

Step-by-step explanation: 5% x 1200

answered
User Benson
by
7.1k points
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