SOLUTION: deposited $2800 in a savings account that pays you 4% annual interest. How much interest did you earn the first year?

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Question 576101: deposited $2800 in a savings account that pays you 4% annual interest.
How much interest did you earn the first year?


Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
You earned 2800*0.04 = 112 dollars in interest in the first year.