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Tomtit [17]
3 years ago
10

Ben deposited $6500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12

years how much interest will he earn?
Mathematics
1 answer:
Trava [24]3 years ago
5 0

Answer: $2184

Step-by-step explanation:

2.8% interest annaully

Deposit $6500

Annaully interest

2.8% x $6500 / 100

= $182

Interest after 12 years.

Principal x Rate x Time/100

= $6500 x 2.8% x 12 /100

= $2184

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