langlyndsay05
Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Edward deposited $6,000 into a savings account 4 years ago. The simple interest rate is 3%. How much money did Edward earn in interest?​

Sagot :

sahanaotter

Answer:

Edward earned $720 in interest.

Step-by-step explanation:

3% of 6000 is 180

0.03*6000 is 180

180*4=720

$720

Answer: interest = 720

Step-by-step explanation:

3/100 x 6,000/1 = 180/1 = 180

since it's 4 years

180 x 4 = 720

Percentage is roughly always out of a 100

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.