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Martha invested a principal amount of $15,000 into a savings account that earns simple interest at a rate of 4.5% per year. How much money will she earn in interest over 6 years?
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Martha invested a principal amount of $15,000 into a savings account that earns simple interest at a rate of 4.5% per year. How much money will she earn in interest over 6 years?

User Slawomir Dziuba
by
7.8k points

1 Answer

3 votes
I=prt
I=15,000×0.045×6
I=4,050
User Pradumna Patil
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8.3k points
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