3 years ago

mrs baxter deposits $2000 in an account that earns 5% simple interest. How much is mrs baxters investment worth after 8 years?

2 answers:

6 0

Answer:

$2,954.91

Step-by-step explanation:

interest = (principal) × (interest rate) × (term)

Interest = $2000 * 0.05 * 8

interest = $2,954.91

5% / 100 = 0.05

6 0

Answer:16,800

Step-by-step explanation:

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