Chanelle deposits 7500 into the bank she does not withdraw or deposit money for six years she earns 6% interest during that time

Question

3 years ago

12

. How much interest will she have earned at the end of 6 years?

1 answer:

wariber [46] · Answer 1 · 2022-04-12T15:22:48+03:00

3 0

Answer:

10,200 Dollars

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year.

Solving our equation:

A = 7500(1 + (0.06 × 6)) = 10200

A = $10,200.00