sherry11
Answered

You deposited $600 dollars in a savings account hat earns a simple interest rate of 1.5% per year. You want to keep the money in the account for 6 years . How much interest will you earn?

Verified Answer :

Noah11012

(600 0.015) 6 = 54

He will make $54 in 6 years.

clawdatt

Answer:

654.00

Step-by-step explanation:

If you are clear that bank is paying you simple interest, please find details based on your data.


Tried For: Simple Interest


Input:  

Principal Amount = 600


Time (In Years) = 6


Rate (Annually) = 1.5


Results:


Interest Amount = 54.00


Total Amount = 654.00

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