Petre2ynosalexiswi Petre2ynosalexiswi

25-02-2017
Mathematics

Answered

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

A$1,200
B$12
C$12,000
D$120

Verified Answer :

Aliwohaish12 Aliwohaish12

28-02-2017

I= 400×0.06×5
I=120,,,,,,,,,,,,,,,,

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tuckerchristian62 tuckerchristian62

05-03-2020

Answer: The answer is D)$120

Step-by-step explanation: The correct answer is $120. You would multiply the amount of money by the interest rate by the number of years. So we have I = 400·0.06·5 which is $120.

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