Mr. Juarez opened a savings account with an
initial deposit of $560 and will not make any
additional deposits or withdrawals. The
account earns 7% simple interest. What is
the amount of simple interest that Mr. Juarez
will have in his account at the end of 1 year?
A) $3,920.00
B) $8,000.00
C) $39.20
D) $392.00
