Jordan invests 600 in his savings account the interest rate is $6 per year find the simple interest rate earned in 3 years. Then
find the total of principal earned plus interest.
1 answer:
I believe you meant that the interest rate is 6%. Interest rates are given as percents.
To find the simple interest, we just multiply the principal amount by the rate and then by the number of years.
600 x 0.06 x 3 = 108
The total amount including interest will be 708.
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