2 years ago

Sarah has a savings account with $6,000 in it that earns 5.6% simple interest per year.

Mathematics

1 answer:

Anvisha [2.4K]2 years ago

8 0

Answer:

$7,008

Step-by-step explanation:

A = P(1 + rt)

P = $6000

r = 0.056 (percent in decimal form)

t = 3 years

A = 6000(1 + (0.056)(3))

A = 6000(1 + 0.168)

A = 6000(1.168)

A = $7,008

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