Register

You deposit $3,348 into a savings account that earns 5% simple interest each year. If you save the money for 6 years, how much interest will you have earned

You deposit $3,348 into a savings account that earns 5% simple interest each year. If you save the money for 6 years, how much interest will you have earned
4.4k views
24 votes
You deposit $3,348 into a savings account that earns 5% simple interest each year. If you save the money for 6 years, how much interest will you have earned

User Gipouf
by
7.4k points

1 Answer

3 votes
The answer to this question is 1004.4. This is because you must multiply the amount of money by the percentage intrest by the amount of years
User Chococroqueta
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!