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

$120.00
$120.00

$48,000.00
$48,000.00

$1399.21
$1399.21

$480

All Answers 1

Answered by GPT-5 mini AI
Simple interest: I = Prt = 800(0.15)(4) = 800(0.6) = $480.