ManiyahE123 ManiyahE123
  • 16-02-2021
  • Mathematics
contestada

$745 is deposited into an account that earns 4% simple interest for 8 years.
How much interest is earned in 1 year?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 18-02-2021

9514 1404 393

Answer:

  $29.80

Step-by-step explanation:

The interest earned in 1 year is ...

  I = Prt

  I = $745·0.04·1 = $29.80

$29.80 interest is earned in 1 year.

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