Question

Jose deposited $5,000 in a simple interest account that pays 3.4% interest annually. If Jose leaves the money in the account for 8 years. How much interest will he earn?

Answer 1

Answer:

Step-by-step explanation:

Solution

Here given,

Principal(P)= Rs 5000

Rate(R)= 3.4%

Time(T)= 8 years

Now,

Simple Intrest(SI)= P*T*R/100

=5000*8*3.4/100

Bro now use calculator and solve the please