SOLUTION: How much simple interest would there be after one year on a deposit of $900.00 when the rate is 8% annually?

Algebra.Com
Question 1201041: How much simple interest would there be after one year on a deposit of $900.00 when the rate is 8% annually?

Answer by math_helper(2461)   (Show Source): You can put this solution on YOUR website!

900 * 8% or 900 * 0.08 = 72
RELATED QUESTIONS

An investor has a total of $10,000 to deposit in two simple interest accounts. On one... (answered by macston)
A person wishes to deposit $5,000 per year in a savings account which earns interest of 8 (answered by ikleyn)
Julian deposits some money in an account which pays 5% simple interest per year, and... (answered by Boreal)
A certificate of deposit for one year pays $221 simple interest on a principal of $3400.... (answered by rfer)
how much money will you have at the end of one year if interest is compound semi-annually (answered by checkley77)
Lili invests $15,000 in two one-year certificates of deposit. One certificate pays 3%,... (answered by solver91311)
Hell my name is Teri and I have been stuck on this problem forever. Problem: Phyllis (answered by ankor@dixie-net.com)
A bank offer simple interest on a certificate of deposit. Jamie invests $500 and after... (answered by Cromlix)
You make a deposit of 2000€ into your account. the interest rate is 5% and the interest... (answered by Edwin McCravy)