Asked by Meow idk

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)

$480

$48,000.00

$120.00

$1399.21

All Answers 1

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

(If asked for the total balance after 4 years: 800 + 480 = $1,280.)