Question

Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in four years?

Answer 1

Answer:

$80 simple interest.

Step-by-step explanation:

That is correct because the simple interest that Sami earns is 4% each year and 4% of %500 is $20. So if she will earn $20 in simple interest a year then in four years she will have earned $80.

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