danicar1566 danicar1566

26-05-2021
Mathematics

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A bank is offering 4% simple interest on a savings account. If you deposit $7000, how much interest will you earn in 3 vear?

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stephaniecarbonell07 stephaniecarbonell07

26-05-2021

Answer:

$840

Step-by-step explanation:

4% as a decimal is 0.04 do youre going to multiply 0.04 times 7000 and you get 280. Then you multiply 280 by the number of year (3) to get $840

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