Seudónimo Seudónimo
  • 25-05-2017
  • Mathematics
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A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after 4 years?

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kenfany
kenfany kenfany
  • 25-05-2017
The answer is $1440 my fellow
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ruiyuyang09
ruiyuyang09 ruiyuyang09
  • 18-11-2019

Answer:

The answer is 1400

Step-by-step explanation:

0.05*1200*4=240

240+1200=1440

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