Sonny deposited $8,500 in an account that earns 4% simple interest. If Sonny makes no more deposits or withdrawals, then how muc h interest will he earn at the end of 2 years?
1 answer:
Answer: D, $9,180.00
Step-by-step explanation: 4% of $8,500=$340. That multiplied by 2 gives the answer of $680 which is added onto the base amount ($8,500) and gives us the ansswer of D. Hope this helps :)
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