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Meg has £1200 in her savings account. The account pays 5% simple interest per year. How much interest will she earn in 4 years?

Meg has £1200 in her savings account. The account pays 5% simple interest per year. How much interest will she earn in 4 years?
asked 45.0k views
4 votes
Meg has £1200 in her savings account.

The account pays 5% simple interest per year.
How much interest will she earn in 4 years?

asked
User Dotbit
by
9.3k points

1 Answer

5 votes
She will get $350,400 in 4 years
answered
User Manuel Lagunas
by
8.8k points
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