bryleercrank bryleercrank

09-02-2024
Mathematics

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an account earns simple interest (a) find the interest earned. (b) Find the balance of the account $750 at 8% for 2 years

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zainababdulfatai464 zainababdulfatai464

09-02-2024

a) total interest earned is $120

b) after 2 yrs: $750 + $120 = $870

a) 750 × 0.08 = $60 (for one year.)

2 years total interest is 60 × 2 =$120

b)750 + 120 = $870

I think that's the answer.

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