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14-03-2022
Mathematics

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Mrs. Lia deposited $4000 at Big Bank. If her money earned 4% simple interest annually. How much interest did she received at the end of 24 months?

Respuesta :

14-03-2022

Answer:

320$

Step-by-step explanation:

Since it's 4%
4000 * 0.04 = 160

24 months = 2 years

annually = 1 year

160 * 2 = 320$

Hope this helps!

Answer Link

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14-03-2022

Answer:

4000*0.04 = 160

24/12=2

160*2 = 320 interste receveid after 24 mounths

4000+320=4320

Step-by-step explanation:

Answer Link

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