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Jose deposited $750 into an account that earned 12% simple interest over 6 years. What is the amount of interest earned after 6 years? A: $1,480.37 B: $1,290 C: $730.37 D: $540
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Jose deposited $750 into an account that earned 12% simple interest over 6 years. What is the amount of interest earned after 6 years?

A: $1,480.37
B: $1,290
C: $730.37
D: $540

User Samuel Cook
by
8.4k points

2 Answers

4 votes
The answer to your question is B. $1,290
User Shrikant D
by
8.2k points
8 votes
12% of 750 is 540 and 750+540=1,290 or B
User Myungjin
by
7.6k points
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