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labwork [276]
2 years ago
9

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

the account for 6 years . How much interest will you earn?
Mathematics
2 answers:
TEA [102]2 years ago
7 0

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]2 years ago
4 0
(600 * 0.015) * 6 = 54

He will make $54 in 6 years.
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3 years ago
How do we derive the sum rule in differentiation? (ie. (u+v)' = u' + v')
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