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3 years ago

7

Grayson has $300 in a savings account. The interest rate is 10% per year and is not compounded. How much interest will he earn i

n 6 years?

1 answer:

BabaBlast [244]3 years ago

4 0

Answer:

$180

Step-by-step explanation:

Interest for 1 year = 10% of $300

Interest for 6 years

= (10% × 6) of $300

= 60% of $300

= (60/100) × $300

= 60 × $3

= $180

So, he will earn $180 as interest in 6 years.

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