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09-11-2020
Mathematics

contestada

What is the simple interest earned in 4 months on a $300
savings account at an annual rate of 5%?

Respuesta :

noahsantos80 noahsantos80

09-11-2020

Answer:

$60

Step-by-step explanation:

Multiply $300 (the total amount of money) by 0.05 (the annual rate)

300 x 0.05 = 15

Then, Multiply the number of months, to 15

15 x 4 = 60

$60 of simple interest earned in 4 months

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