Question

Find the simple interest on $350 invested at 6% yearly for ten years

Answer 1

Answer:

It would have $560 after ten years.

Step-by-step explanation:

1) find 6% or .06 of 350

350 x .06 = 21

2) multiply that by the ten years to get how much it will be after that time

21 x 10 = 210

3) add your interest over the 10 years to your original amount

210 + 350 = 560