Asked by poppy

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)

$120.00

$1399.21

$480

$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.