Luke puts $500 into a savings account that earns 6% simple interest each year. How much money will be in the account after 3 yea

Question

3 years ago

15

rs

2 answers:

Burka [1] · Answer 1 · 2022-11-16T09:40:00+03:00

Burka [1]3 years ago

6 0

Answer:

= $90

Step-by-step explanation:

I = prt

I = 500 x 0.06 x 3

I = $90

tigry1 [53] · Answer 2 · 2022-11-16T11:55:02+03:00

3 0

9514 1404 393

Answer:

$590

Step-by-step explanation:

The account balance is given by ...

A = P(1 +rt) . . . . simple interest rate r for t years

A = $500(1 +0.06×3) = $590

There will be $590 in the account after 3 years.