Sally invests $10,500 in an account that earns 6% annual simple interest. Assuming she makes no additional deposits or withdrawa

Question

3 years ago

5

ls, how much interest will Sally earn after 4 years?
I SWEAR I WILL MARK YOU BRAINIEST

1 answer:

Fittoniya [83] · Answer 1 · 2022-07-18T22:20:23+03:00

Answer: $2520

Step-by-step explanation:

The simple Interest earned on a deposit of P that has a rate of r% and a period of t years can be calculated by using the formula:

(P × R × T)/100

where P is principal

R is rate

T is time

P=$10,500

R=6%

T=4 years

Therefore:

Interest= (10500 × 6 × 4)/100

= 252000/100

= 2520

Sally will earn $2520 as interest after 4 years.