Register

Lorraine invested $5500 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?

Lorraine invested $5500 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?
67.3k views
0 votes
Lorraine invested $5500 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?

User Clement Levesque
by
8.3k points

1 Answer

3 votes
5500 x 6% = 330
330 x 9 = 2970
So your answer would be 2970. Hope this helps!
User Claireablani
by
8.5k points
← Prev Question Next Question →

Related questions

User Chuck Reynolds
asked Oct 28, 2018 214k views
Lorraine invested $5500 in a savings account with a yearly interest rate of 6%
Chuck Reynolds asked Oct 28, 2018
by Chuck Reynolds
8.1k points
2 answers
5 votes
214k views
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
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!