4.Han earned $850 over the summer working odd jobs. He wants to put his money into a savings account for when he is ready to buy a car. His bank offers a simple interest account at 5%, how much interest will Han have earned after 2 years?
A.$10.00
B.$17.00
C.$42.50
D.$85.00
Question 4^
5. Han checks with another bank and their interest rate is 4%. Based on your answer in question 4, how much longer will he have to leave his money in the account to earn the same amount of interest as the first bank?
A.6 months
B.1 year
C.2 years
D.2.5 years
Question
Answer:
in the first question is
?/850 = 5/100
850×5=4,250
4,250 divided by 100= 42.50= 42.5
and the second is the A
Answer:
C and A
I hope this helps!! 🙂