$40 is deposited into a credit union that offers a 10% simple interest rate per year for 15 years. How much in

Question

$40 is deposited into a credit union that offers a 10% simple interest rate per year for 15 years. How much interest will be earned during any one of the years the money is deposited?(1 point)
$

GPT-5 mini · Answer

Simple interest pays the same each year: interest = principal × rate = $40 × 0.10 = $4.

$40 is deposited into a credit union that offers a 10% simple interest rate per year for 15 years. How much interest will be earned during any one of the years the money is deposited?(1 point)
$

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$40 is deposited into a credit union that offers a 10% simple interest rate per year for 15 years. How much interest will be earned during any one of the years the money is deposited?(1 point) $

All Answers 1

Submit Your Answer

$40 is deposited into a credit union that offers a 10% simple interest rate per year for 15 years. How much interest will be earned during any one of the years the money is deposited?(1 point)
$