David deposits $7000 into an account that pays simple interest at a rate of 6% per ear how much interest will he be paid in the first 5 years? Brinley

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asked May 9, 2022 198k views

25 votes

David deposits $7000 into an account that pays simple interest at a rate of 6% per ear how much interest will he be paid in the first 5 years? Brinley

Mathematics
high-school

Walker Rowe asked

by Walker Rowe

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2 Answers

7 votes

Answer:

$2368

Explanation:

$Interest=Value*((1+interest)^(years)-1) \\= 7000(1.06^(5)-1)=2368$

Nikhilbalwani answered May 10, 2022

by Nikhilbalwani

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5 votes

Answer:

2367..58

Explanation:

Darkzaelus answered May 14, 2022

by Darkzaelus

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