SOLUTION: Clarence has $40 in a savings account that earns 5% annually.The interest is not compounded.How much interest will he earn in 4 years?

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Question 1153826: Clarence has $40 in a savings account that earns
5% annually.The interest is not compounded.How much interest will he earn in 4 years?
Answer by josgarithmetic(39613) About Me  (Show Source):
You can put this solution on YOUR website!
Each year, earn 0.05%2A40 and this happens for 4 years.



$ 8