SOLUTION: elmer put 500 dollars in a bank account. each year the account earns 8% simple interest. how much interest will be earned in 4 years

SOLUTION: elmer put 500 dollars in a bank account. each year the account earns 8% simple interest. how much interest will be earned in 4 years

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Question 586129: elmer put 500 dollars in a bank account. each year the account earns 8% simple interest. how much interest will be earned in 4 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=500*0.08*4
I=$160
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