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3 years ago

8

Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 1

2 years, how much interest will he earn?

1 answer:

svet-max [94.6K]3 years ago

5 0

Answer:

$2,184

Step-by-step explanation:

$6,500 x 2.8% = annual interest

6,500 x 2.8% = $182 annual interest

$182 x 12 years = interest earned in 12 years.

182 x 12 = $2,184

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