Question

Kate deposits $800 in a bank

Answer 1

Answer:

C

Step-by-step explanation:

Use formula

$I=P\cdot r\cdot t,$

where

I = interest

P = rpincipal

r = rate (as decimal)

t = time (in years)

In your case,

P = $800

r = 0.04 (4%)

t = 5,

so

$I=\ 800\cdot 0.04\cdot 5\\ \\I=\ 160$