cr1895481 cr1895481
  • 18-04-2022
  • Mathematics
contestada

$500 is deposited in a bank account paying 6% simple interest, how much interest will the deposit earn in 4 years?

Respuesta :

jbirdsong24 jbirdsong24
  • 18-04-2022

Answer:

It will gain $120, making it $620 in all.

Step-by-step explanation:

A = 500(1 + (0.06 × 4)) = 620

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