Jonathan puts $400 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in 5 years?

Question

Jonathan puts $400 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in 5 years?

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Gabriella 2 weeks 2021-09-11T06:45:54+00:00 1 Answer 0

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    2021-09-11T06:47:21+00:00

    $120 will be earned in interest. the math is: first finding out what 6% of 400 is, and then multiplying that by 5

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