wpaskelt1234
wpaskelt1234 wpaskelt1234
  • 01-03-2017
  • Mathematics
contestada

James made a deposit in a savings account 5 years ago. The account pays 4% simple annual interest. Since then, he has earned $120 in interest. What is the current balance in his account?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 01-03-2017
P=i/rt
P=120/0.04*5=600
Answer Link
yarbroughchristian42
yarbroughchristian42 yarbroughchristian42
  • 25-10-2021

Answer:

The answer is 600

Step-by-step explanation:

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