jane recieved\$875 from her grandma party. she put the money in a bank with a 4% simple interest rate. how much interest will she have earned after 7 years?

Solución

jane recieved$875 from her grandma party. she put the money in a bank with a 4% simple interest rate. how much interest will she have earned after 7 years?

Solución

Interest : 245

Pasos de solución

Translate the problem into an equation:

I = 875 \cdot 0.04 \cdot 7

Simplificar

I = 875 \cdot 0.04 \cdot 7

Interest : 245

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