3 years ago

Penny deposits $800 into a bank account for 5 years. If the account has a 6% yearly simple interest rate, what is the interest?

Mathematics

2 answers:

Mkey [24]3 years ago

6 0

800*5 is 4,000.00
4,000.00* 6% is 240.00

dybincka [34]3 years ago

3 0

Answer:

48 for one year 240 for all five years

Step-by-step explanation:

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