Ask Question
1 July, 22:27

You put $400 in a savings account. The account earns 2% simple interest per year. a. What is the interest earned after 6 years? What is the balance after 6 years?

+5
Answers (1)
  1. 2 July, 02:09
    0
    Interest earned=principle*interest rate*time

    Interest earned=400*0.02*6=48

    Balance=principle+interest earned

    Balance=400+48=448
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You put $400 in a savings account. The account earns 2% simple interest per year. a. What is the interest earned after 6 years? What is the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers