Question

Gaby deposited $200 in a savings account earning 4% simple interest over 7 years. What was the total interest Gaby earned?


$32

Answer 1

\(\qquad \textit{Simple Interest Earned}\\
I = Prt\qquad
\begin{cases}
I=\textit{interest earned}\\
P=\textit{original amount deposited}\to& \$200\\
r=rate\to 4\%\to \frac{4}{100}\to &0.04\\
t=years\to &7
\end{cases}\)

Answer 2

@jdoe so 7?

Answer 3

@jdoe0001

Answer 4

@jdoe0001 help

Answer 5

please

Answer 6

@Awolflover1

Answer 7

@pooja195

Answer 8

@jdoe0001 Pretty much gave you the answer. Okay, so Gaby deposited $200. If 4% of 100 is 4, them 4% of 200 would be twice that, or 8.

8 x 7 = 56

Gaby would earn $56 in 7 years.

Answer 9

Do you see now?