Cody cody has $700 in a savings account that pays 4% simple interest how much will he have in one year

Question :-

Cody Cody has $700 in a savings account that pays 4% simple interest how much will he have in one year?

____________________Solution :-Given Information :-Principal ➢ $700Rate ➢ 4%Time ➢ 1 yearTo Find :-Simple Interest Formula Used :-Calculation :-

Substituting the values in the formula, We get,

Calculating further, We get,

____________________Final Answer :-

The Simple Interest will be $28

____________________Note :-

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