pam invested $4200 in a savings account with a yearly interest rate of 4% for 7 years. How much simple interest did she earn

One current education question and answer asked students to indicate what they believe is the most important element for a student to do to be able to hit success. Of the numerous comments, the one that that stood out was practice. Successful people generally are not born successful; they become successful through hard work and commitment. If you wish to achieve your goals, keep this in mind! in the following paragraphs some question and answer examples that you would certainly use to improve your knowledge and gain insight that will guide you to preserve your school studies.

Question:

pam invested $4200 in a savings account with a yearly interest rate of 4% for 7 years. How much simple interest did she earn

Answer:

4% = 0.04 <—– multiplier.

$4200 * 0.04 = $168

7 years = $168 * 7
             = $1176

Total Earnings = $4200 +$1176
                         = $5376

They can potentially hopefully assist the student answer the question by implementing the questions and answer examples. You will be able to then have a discussion with your classmate and continue the school learning by studying the subject alongside one another.

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