Register
Charlie deposits $7000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 6 years?
135k views
23 votes
Charlie deposits $7000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 6 years?

User Roberto Linares
by
5.1k points

1 Answer

5 votes
SI =p*r*t

7000*0.05*6

=$2100

I am so sorry I am at a rodeo right now and saw this question and wanted to help this is just a rough answer but the formula is

Simple interest = principal * rate * time
User Makarius
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.5m answers

Other Questions

Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Can someone help me with 5??? ASAP?
Link Copied!