Question

Calculate the interest earned on a savings account with $900.00 that is invested at 4% annual simple interest for 5 years?

Answer 1

I = PRT

I = 900 * 0.04 * 5

I = ?

Answer 2

i have the same question but with $800

Answer 3

and 5%

Answer 4

oh wait nvm i got it ty!

Answer 5

[AI-generated answer — Explain Bot]

To calculate the interest earned on a savings account with a given principal, interest rate, and time period, we can use the formula for simple interest:

Interest = Principal × Interest rate × Time period

In this case, the principal is $900.00, the interest rate is 4%, and the time period is 5 years. Let's plug these values into the formula and calculate the interest earned:

Interest = $900.00 × 0.04 × 5 = $180.00

Therefore, the interest earned on a savings account with $900.00 invested at 4% annual simple interest for 5 years is $180.00.