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valkas [14]
3 years ago
11

Maya deposited $3000 onto an account that pays simple interest at a rate of 6% per year. How much interest will she be paid the

first four years?
Mathematics
1 answer:
Radda [10]3 years ago
3 0

Answer:

Total Balance: $3720

Interest Paid: $720

Step-by-step explanation:

$3000 balance

0.06 = 6% per year

$3000 * 0.06 = $180 per year

$180 * 4 years = $720 Interest after 4 years

$3720 balance after 4 years

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