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**Aleta deposited $450 into a savings account earning 3.75% simple interest. How much interest will she earn in 6 years? Explain.
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2 votes
**Aleta deposited $450 into a savings account earning 3.75% simple interest. How much interest will she earn in 6 years? Explain.

User Short
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2 Answers

5 votes
$101.25;450(0.0375)6=1021.25 is the answer i hope this helps you
User Xhienne
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5.9k points
7 votes
Aleta will have 561.23 at the end of the 6 years. You add 3.75% to the previous amount of money from last year for every year.

ie: 'ans' is the total of the previous equation.
450+3.75%
ans+3.75%
ans+3.75%
ans+3.75%
ans+3.75%
ans+3.75%
ans = 561.23.
User Rakha
by
5.4k points
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