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Crazy boy [7]
3 years ago
12

Help me solve this please

Mathematics
2 answers:
coldgirl [10]3 years ago
5 0
"Simple interest" means the interest goes into a separate bucket, and
it just waits there for you to come and get it.  It <em><u>doesn't</u></em> get added to the
amount in the account, so next year, you don't get interest on the interest.

4 percent of $2000 is  (0.04 x 2000) = $80 .

That's how much interest you get each year.

At the end of 4 years, you have (4 x $80) = <u>$320</u> in the interest bucket.
(And of course, you still have the original $2000 in the account.)
klemol [59]3 years ago
4 0

2339.71712 is the whole amount but rounding up to the nearest hundred its 2339.72 for 4years. 339.72 is the answer you was looking for.
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