Susan has $800 in a savings account that earns 6% annually. if the interest is not compounded, how much interest will she earn in 5 years?
a) $30.00
b) $48.00
c) $240.00
eliminate
d) $480.00

The correct option is C.

Step-by-step explanation:

It is given that Susan has $800 in a savings account that earns 6% annually and the interest is not compounded.

It means Susan received simple interest.

Formula of simple interest:

Where P is principal amount, r is rate of interest in percentage and t is time in years.

The amount of interest is $240.00. Therefore option C is correct.

hey there!

if she's saving for six months, let's divide the total number we need for the trip by six, dividing it into the amount that needs to be saved for each month.

500 ÷ 6 =

she needs to save at least this amount each month, so we should use this symbol: ≥

let x be the amount she saves each month.

your final answer is x ≥

hope this !

x=half

step-by-step explanation: