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OpenStudy (anonymous):
@ehuman @ganeshie8 Pam invested $4200 in a savings account with a yearly interest rate of 4% for 7 years. How much simple interest did she earn? A. $578 B. $1422 C. $152 D. $1176
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OpenStudy (hesan):
Its D. 1176
OpenStudy (hesan):
Her interest for 1 year = 4200 x 4% = 4200 x 0.04 = 168 and since her interest is for 7 years therefore 168 x 7 = 1176
OpenStudy (hesan):
@mayafrancis Are u getting this ??
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