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Jordan invested $600 in a savings account. The interest rate is 3% per year. find the simple interest earned in 6 years. Then find the total of principal plus interest
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Jordan invested $600 in a savings account. The interest rate is 3% per year. find the simple interest earned in 6 years. Then find the total of principal plus interest

User Bret Walker
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2 Answers

5 votes

Answer:

$108.00; $708.00

Explanation:

User Glen
by
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1 vote
Equation: I=prt
interest equals principal×rate×time
Substitute the known numbers. I=600×.03×6
Interest= 108
interest + principal is 708
User Debadatt
by
7.5k points
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