If you deposit $800 in a savings account that earns simple interest at a rate of 1.5% per year, how much interest will you have earned after 5 years?

Question

Mathematics

Weston Mayo

19 August, 13:03

If you deposit $800 in a savings account that earns simple interest at a rate of 1.5% per year, how much interest will you have earned after 5 years?

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Answers (2)

Know the Answer?

Elizabeth Richard · Answer 1

You would have $60 after 5 years ... I'm not 100% sure, sorry.

Judith Dominguez · Answer 2

Your first year you would have 812. Your second year you would have 824.18. Your third year you would have 836.54. Your fourth year you would have 849.08. Your 5th year you would have 861.81.