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Murljashka [212]

1 year ago

8

Edward deposited $6,000 into a savings account 5 years ago. The simple interest rate is 3%. How much money did Edward earn in in

terest?

1 answer:

marta [7]1 year ago

6 0

Answer:

$900

Step-by-step explanation:

3% of 6,000 is 180

so, he earns $180 per annum

5 YEARS LATER

he has been earning $180 every year, so,

180+ 180+ 180+ 180+ 180, or 180*5

$900

Hope this helps!

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