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EmmamaBel5la EmmamaBel5la
  • 26-02-2017
  • Mathematics
Answered

Holly opened a savings account at a local bank. she deposited $2,900.00 into the account 10 years ago. if the account earns an annual simple interest rate of 6.4%, how much interest has she earned?

Verified Answer :

hahhanope hahhanope
  • 28-02-2017

$1856

I=P(r)(t)
I=2900(.064)(10)
I=1856

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