Kahlanwick Kahlanwick

25-01-2021
Mathematics

contestada

Sam invests $6,000 in a savings account at 6%
for 3 years. How much did he earn in interest?

Respuesta :

beckycantdomath beckycantdomath

26-01-2021

answer: $1,080

explanation: interest = principal x rate x time

>> interest = 6,000 x 0.06 x 3

after multiplying, you get 1,080, which is the simple interest

**tip: turn the rate/percent into a decimal, then multiply

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