Question

Harvey invested $6000 for 2 years in a savings account paying simple interest with a yearly interest rate of 5.5%. How much simple interest did he earn.

Answer 1

Answer:

660

Step-by-step explanation:

Because that’s the anwser. aPEX

Answer 2

$\bf \qquad \textit{Simple Interest Earned}\\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\to& \ 6000\\ r=rate\to 5.5\%\to \frac{5.5}{100}\to &0.055\\ t=years\to &2 \end{cases} \\\\\\ I=6000\cdot 0.055\cdot 2$