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Samara deposited $5,000 into an account and didn't make any more deposits. The interest rate is 12%. How much did she earn in interest after 6 years?
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4 votes
Samara deposited $5,000 into an account and didn't make any more deposits. The interest rate is 12%. How much did she earn in interest after 6 years?

User ANIL MIRGE
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1 Answer

4 votes
first start with making the percentage a decimal. 12 divided by 100= 0.12
5000 times 0.12= 600
600 times 6= 3600

Samara earns $3,600 in interest after 6 years
User Jolmos
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