jecelle has a deposit of 8,000 in saving account for 5 years if the bank pays simple interest of the rate of 6% how much interest will still receive
Home
/
jecelle has a deposit of 8,000 in saving account for 5 years if the bank pays simple interest of the rate
Verified answer
SIMPLE INTEREST
Given
I = PRT
I = (8000)(0.06)(5)
I = (480)(5)
I = 2400
#CarryOnLearning