Question

Cheryl deposits $7500 into the bank. She cannot withdraw or deposit any more money for 6 years. She earns 6% interest during that time.

How much interest will she have earned at the end of 6 years? (just put the numerical value, no $ sign)

show work plz

Answer 1

Answer: 2700

Step-by-step explanation: Lets use the "Simple Interest" expression to find interest.

First, Convert 6% to a decimal, which is 0.06.

I, interest= 7500 x 0.06 x 6

7500 x 0.06 x 6 = 2700

Cheryl will earn $2700 interest.