Question

Debbie has $460 in a savings account that earns 8% annually. If the interest is not compounded, how much interest will she earn in 5 years? A) $18.40 B) $36.80 C) $184.00 D) $644.00

Answer 1

The answer is C.)
since the 8% of $460 is $36.80 
the next 5 years will increase at the same rate
so then you have to multiply 36.80 by 5 which equals $184