Ben Snell has $400 in his savings account. His annual interest rate is 4%. How much simple interest did he earn after six months
?
2 answers:
$400 x .04 x.5 = 8
8+400 = $408.00
400 times .02= $8.00
4% is a year of interest 2% is six months
take 400 x.02 you come up with 8.00
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