Sammy deposits $200 in an account at his bank.The simple interest rate is 8%.How much interest will he earn in three years

Question

asked Jul 25, 2021 152k views

1 Answer

Shawn Whinnery · Answer 1 · 2021-07-29T22:09:51+0000

Answer:

$48

Explanation:

Multiply 200 by 0.08 or 8%. That is how much interest he will earn in a year. Then multiply the product by 3.