Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Marsha deposited $12,000 into a savings account 5 years ago. The simple interest rate is 4%. How much money did Marsha earn in interest?

Sagot :

Answer:

$2,400

Explanation:

Interest = capital x interest rate x duration

Interest = $12,000 x 4/100 x 5

Interest = $2,400