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Jaylen has $1,400 in his savings account. He earns a simple interest of 4% per year. If he makes no deposits or withdrawals, how much interest will he make in one year?

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bryant061003

Answer:

he would have $1456 or $56 dollars of interest

Step-by-step explanation:

1400(1+.04) = 1456. simple interest formula is A = P(1 + rt)

anayah38

4 percent of 1,400 is 56 because if you use this method below called the butterfly method you  buy your awnser is 56

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