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

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## 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

4% = 0.04 <—– multiplier.

\$4200 * 0.04 = \$168

7 years = \$168 * 7
= \$1176

Total Earnings = \$4200 +\$1176
= \$5376

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