Sofia deposited $6400 into her savings account for a period of six years. How much simple interest did her money earn at an interest rate of 1.5%?

asked Jun 14, 2021 178k views

4 votes

Sofia deposited $6400 into her savings account for a period of six years. How much

simple interest did her money earn at an interest rate of 1.5%?

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1 vote

Answer:$576

Explanation:

To find the simple interest on$6400 on 6yr at 1.5%

Simple interest=prt/100

I=6400×1.5×6/100

I=$576

Pguardiario answered Jun 18, 2021

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