wpaskelt1234 wpaskelt1234

01-03-2017
Mathematics

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James made a deposit in a savings account 5 years ago. The account pays 4% simple annual interest. Since then, he has earned $120 in interest. What is the current balance in his account?

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Aliwohaish12 Aliwohaish12

01-03-2017

P=i/rt
P=120/0.04*5=600

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yarbroughchristian42 yarbroughchristian42

25-10-2021

Answer:

The answer is 600

Step-by-step explanation:

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