ManiyahE123 ManiyahE123

Today at 12:36 AM
Mathematics

Answered

$745 is deposited into an account that earns 4% simple interest for 8 years.
How much interest is earned in 1 year?

Answer :

sqdancefan sqdancefan

Today at 12:41 AM

9514 1404 393

Answer:

$29.80

Step-by-step explanation:

The interest earned in 1 year is ...

I = Prt

I = $745·0.04·1 = $29.80

$29.80 interest is earned in 1 year.

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