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28 August, 11:24

Marco deposited $500 in a savings account earning 4% interest over 5 years.

What was the total amount of interest earned at the end of 5 years?

A.

$40

B.

$50

C.

$100

D.

$200

+2
Answers (2)
  1. 28 August, 12:27
    0
    The answer to your question would be C.$100
  2. 28 August, 14:24
    0
    With some working out, i have got the answer and it C, this is a simple interest question, 500 * 0.04 * 5 is what we do to work it out
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