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2 years ago

Rachel is calculating the interest earned on a deposit of $350 in an account that earns 6% simple interest after 15 years.

Mathematics

2 answers:

alukav5142 [94]2 years ago

8 0

Answer:

$315

Step-by-step explanation:

You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

I = interest amount

P = principal amount

r = interest rate (decimal form)

t = time

Now we can plug in the values into the equation:

This means that Rachel earned $315 worth of interest in the 15 year period.

vlada-n [284]2 years ago

5 0

Answer: $315

Step-by-step explanation:

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