4 years ago

Cody has $700 in a saving account that pays 4% simple interest. How much will he have in one year

Mathematics

1 answer:

kherson [118]4 years ago

4 0

Answer:

The interest Cody gets in 2 years be $56 .

Step-by-step explanation:

Formula

As given

Cody has $700 in a savings account that pays 4% interest .

Principle = $700

Interest = 4%

Time = 2 years

Put in the formula

Simple interest = $ 56

Therefore the interest Cody gets in 2 years be $56

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