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If Casey places $890 in a savings account, how much interest will he earn in 12 years at a 5% simple interest rate?

If Casey places $890 in a savings account, how much interest will he earn in 12 years at a 5% simple interest rate?
asked 83.5k views
5 votes
If Casey places $890 in a savings account,

how much interest will he earn in 12 years at a
5% simple interest rate?

asked
User Allan Chau
by
8.5k points

2 Answers

7 votes

Answer:

Explanation:

534

answered
User Yeshansachithak
by
8.8k points
4 votes

Answer:

$534

Explanation:

Simple Interest formula: I = Prt

I = $890 * (0.05)* 12

I = $534

answered
User Thabani
by
8.5k points
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