How much interest is earned on $300 at 6% for 6 years?
1 answer:
Answer:
108 dollars
Step-by-step explanation:
First, let's convert 6% to a decimal.
We get 0.06 because we multiplied (or divided by 100) it by 1/100.
Now, let's do 0.06 * 300 to get interest on one year. This equals to 18$
Let's now do 18 * 6 to get
108 dollars
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