SOLUTION: Robert deposited $2,300 into an empty bank account at an interest rate of 3.25% per year. How much simple interest will Robert earn after 4 years? a $707.69 b $299.00

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Robert deposited $2,300 into an empty bank account at an interest rate of 3.25% per year. How much simple interest will Robert earn after 4 years? a $707.69 b $299.00       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 938820: Robert deposited $2,300 into an empty bank account at an interest rate of 3.25% per year.
How much simple interest will Robert earn after 4 years?
a $707.69
b $299.00
c $313.89
d $74.75

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
I = 2300(.0325)(4) = $299