"Simple interest" means the interest goes into a separate bucket, and
it just waits there for you to come and get it. It <em><u>doesn't</u></em> get added to the
amount in the account, so next year, you don't get interest on the interest.
4 percent of $2000 is (0.04 x 2000) = $80 .
That's how much interest you get each year.
At the end of 4 years, you have (4 x $80) = <u>$320</u> in the interest bucket.
(And of course, you still have the original $2000 in the account.)
Answer:
Step-by-step explanation:
21
Get the denominator down to a one
15 ÷ 10
__
10 ÷ 10.
the unit rate is 1.5 / 1
the multipy to get the right denominator.
1.5 × 120 = 180
_________ ____
1 × 120 = 120
1.5. 15. 180. 135. 45
___ ____ ___ ____ ____
1. 10. 120. 90. 30
