seth put $500 in his savings account, which earns a earns a simple interest rate of 4%

A. use the simple interest equation ( I=Prt ) to find out how much interest seth earns after 6 years.
B. now find out how much interest seth wold earn if he were to earn 7% compound interest for 6 years

Someone help me out :)

Question

01-06-2021
Mathematics

Answered

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seth put $500 in his savings account, which earns a earns a simple interest rate of 4%

A. use the simple interest equation ( I=Prt ) to find out how much interest seth earns after 6 years.
B. now find out how much interest seth wold earn if he were to earn 7% compound interest for 6 years

Someone help me out :)

Sagot :

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