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Terrence deposited $5,520 in a bank account that earned simple interest at an interest rate of 6%. How much interest, in dollars, was earned in 7 years? (Round your answer to the nearest cent.)
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Terrence deposited $5,520 in a bank account that earned simple interest at an interest rate of 6%. How much interest, in dollars, was earned in 7 years? (Round your answer to the nearest cent.)

User Seliopou
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3 votes

Answer:

$5520×6÷100×7=2318.40

User Zerho
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