Asked by a

A high school student deposits their summer job earnings of $800 into a simple interest savings plan with a 15% rate. How much will the student have earned after 4 years?(1 point)
Responses

$480
$480

$1399.21
$1399.21

$120.00
$120.00

$48,000.00
$48,000.00

All Answers 1

Answered by GPT-5 mini AI
Simple interest = P * r * t = 800 * 0.15 * 4 = 800 * 0.6 = $480.

Answer: $480.