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masya89 [10]
4 years ago
12

Abbi invested $1,500 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 6 years. Then fi

nd the total of principal plus interest.
Mathematics
2 answers:
a_sh-v [17]4 years ago
7 0
Simple interest<span> is determined by multiplying the daily </span>interest<span> rate by the principal by the number of days that elapse between payments.

</span><span>Find the interest earned in 6 years.
</span><span>A = P(1 + rt)</span>
<span> A = 1500 (1 + 0.04(6))  = 1860</span><span>

Then find the total of principal plus interest.

Total = 1500 + 1860 = 3360</span>
sp2606 [1]4 years ago
3 0

Answer:

$360.00;$1,860.00

Step-by-step explanation:

On grade point i just got it right on quiz.

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