You deposited $600 dollars in a savings account hat earns a simple interest rate of 1.5% per year. You want to keep the money in

Question

2 years ago

9

the account for 6 years . How much interest will you earn?

2 answers:

TEA [102] · Answer 1 · 2022-08-02T10:02:02+03:00

Answer:

654.00

Step-by-step explanation:

If you are clear that bank is paying you simple interest, please find details based on your data.

Tried For: Simple Interest

Input:

Principal Amount = 600

Time (In Years) = 6

Rate (Annually) = 1.5

Results:

Interest Amount = 54.00

Total Amount = 654.00

sweet-ann [11.9K] · Answer 2 · 2022-08-02T07:39:19+03:00

4 0

(600 * 0.015) * 6 = 54

He will make $54 in 6 years.