5. Isabella is calculating the interest earned on a deposit of $3,000 in an account that earns 4% simple interest after 6 years.

Question

3 years ago

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5. Isabella is calculating the interest earned on a deposit of $3,000 in an account that earns 4% simple interest after 6 years.

I = prt I = 3,000(.04)(6) I = 3,720 a. Isabella determines that her deposit will then be worth $6,720.00. Explain what Isabella did incorrectly b. What is the correct amount of interest?

Mathematics

1 answer:

Anna35 [415] · Answer 1 · 2022-04-14T00:05:32+03:00

Anna35 [415]3 years ago

6 0

Answer:

B. 300 dollars is 5he answers