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:
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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