Jake opens a savings account with a deposit of $300. He will earn 1.6% simple interest each year on his money. How much interest will he earn over 5 years (assuming he does not add or take out any money)? *

$24.00

Step-by-step explanation:

$300 x 0.016= $4.8

$4.8x5 yrs= $24.00

a

step-by-step explanation:

step-by-step explanation:

step 1: solve one of the equations for one of the variables. let's solve the first equation for y:

step 2: substitute that equation into the other equation, and solve for x.

step 3: substitute x = 4 x = 4 x=4 into one of the original equations, and solve for y.