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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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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

User Walker Rowe
by
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2 Answers

7 votes

Answer:

$2368

Explanation:


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

User Nikhilbalwani
by
8.2k points
5 votes

Answer:

2367..58

Explanation:

User Darkzaelus
by
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