I think it might be c. but im not sure
The answer is 0.625 I am not so sure
1) x=6, y=3
2) no solution
"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.)
