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jarptica [38.1K]
3 years ago
12

eight years ago, JD opened a savings account that earns 1.4% simple interest every year. he started the account with 500 and has

not touched that amount since. how much money is in the account now?​
Mathematics
2 answers:
Kipish [7]3 years ago
7 0

Answer:

556

Step-by-step explanation:

The simple interest is 1.4%, so first we need to work out what 1.4% of 500 is:

500 x 0.014 = 7

It has since been 8 years when he put the money into the account, so now we multiply this amount by 8:

7 x 8 = 56

So JD's total savings is 500 + 56 = 556 (and whatever currency you use)

aleksley [76]3 years ago
5 0

Answer:

556

Step-by-step explanation:

Find out how much 1.4% is of 500 which is 7

so 7 x 8 = 56

now we add it 500 + 56 = 56

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