Question

Skye made a deposit of $625 into an account that earns 4% simple interest for 6 years. How much did Skye earn in interest at the end of 6 years?

Answer 1

She will earn 150$

Explanation:

4% = 0.04

0.04 x $625 = 25

Now we divide 25 by the number of years, which is 6.

6 x 25 = 150$

Therefore, Skye earns 150$ from interest over the course of 6 years.