205k views
5 votes
Charles deposited $900 in a new account that earns 6% simple interest. After 2 years, how much interest will she have earned?

User Laymanje
by
8.0k points

1 Answer

3 votes
Simple interest is A=P(1+rt) so it would actually be $1008 as the final account balance so in interest she would have aquired 1008-900=$108
User Kireol
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories