220k views
5 votes
Hunh put $3000 into a savings account that earns 6% simple interest annually. After six years, how much money will Hunh have?

User Loreb
by
6.5k points

1 Answer

5 votes

Answer:

4,080.00

Explanation:

The total amount accrued, principal plus interest, from simple interest on a principal of $3,000.00 at a rate of 6% per year for 6 years is $4,080.00.

User Peter Sun
by
6.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.