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Leeza deposited $1,600 in a savings account with a simple interest rate of 4.5%. How much interest will Leeza earn after 6 years if she makes no additional deposits or withdrawals?
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Leeza deposited $1,600 in a savings account with a simple interest rate of 4.5%.

How much interest will Leeza earn after 6 years if she makes no additional deposits
or withdrawals?

User Steven Ickman
by
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1 Answer

2 votes
her end amount will be $2,083.62
so 2,083.62-1,600= 483.62
she made 483.62 in interest
User Mwerschy
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