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IRINA_888 [86]
2 years ago
11

Sam put 3000 into saving it earned 6% simple interest annually after 6 years how much will Sam have

Mathematics
1 answer:
Pavlova-9 [17]2 years ago
3 0

Answer:

the future value is 4,080

Step-by-step explanation:

The computation of the future value under the simple interest is shown below:

As we know that

Future value = Present value × (1 + rate of interest × time period)

= 3,000 × (1 + 6 × 6%)

= 3,000 × (1 + 0.36)

= 3,000 × 1.36

= 4,080

Hence, the future value is 4,080

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