Mathematics
lexylouno1
2015-11-19 17:56:27
If $1000 is put in the bank and each year the account earns 7% simple interest, then how much interest will be earned in four years?
ANSWERS
nikkikolbey
2015-11-20 00:06:35

1000$ divided by 100 = 10 10 multiplied by 7 being 70  70$ interest per year *4 280$ of interest in 4 years.

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