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Murljashka [212]

2 years 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]2 years 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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Step-by-step explanation:

Let's take it one number at a time.

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$6(2)^{3-1}=24$

$6(2)^{4-1}=48$

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$12(-\frac{1}{2})^{4}=0.75$

$12(-\frac{1}{2})^{5}=-0.375$

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or to make things simpler:

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