Question

leila decides to save for 6 years. she opens a saving account with $800. the account pays simple interest at an annual rate of 2%. she doesn’t make any more deposits how much total interest will leila earn?

Answer 1

time =T=6 years

principal = P=$800

rate = R= 2%

interest = (P*T*R)/1000

= 800*6*2/100

= 96

Explanation: