Register
Aldo deposits $8000 Into an account that pays simple interest at a rate of 3% per year. How much Interest will he be paid in the first 6 years?
154k views
3 votes
Aldo deposits $8000 Into an account that pays simple interest at a rate of 3% per year. How much Interest will he be paid in the first 6 years?

User Jorge Omar Medra
by
7.4k points

1 Answer

1 vote

Answer:

$1440

Explanation:

3 % is .03 in decimal

8000 * .03 * 6 = $1440

User Victoire
by
8.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.5m questions

11.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!