Jose deposited $5,000 in a simple interest account that pays 3.4% interest annually. If Jose leaves the money in the account for
8 years. How much interest will he earn?
1 answer:
Answer:
Step-by-step explanation:
Solution
Here given,
Principal(P)= Rs 5000
Rate(R)= 3.4%
Time(T)= 8 years
Now,
Simple Intrest(SI)= P*T*R/100
=5000*8*3.4/100
Bro now use calculator and solve the please
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