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tia_tia [17]
3 years ago
15

Christine deposits $700 into an account that pays simple interest at a rate of 2 per year. How much interest will she be paid in

the first 4 years?
Mathematics
1 answer:
xxMikexx [17]3 years ago
7 0

Answer:

$56

Step-by-step explanation:

A=P(1+i.n)

A is final amount

P is amount deposited

i is interest rate

n is number os years

A = $700(1+2%×4)

=$756

$756-$700=$56

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