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Tammy deposits 800$ into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 6 years?

Tammy deposits 800$ into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 6 years?
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4 votes
Tammy deposits 800$ into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 6 years?

User Tsps
by
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2 Answers

5 votes
6% of $800 =$48


$48 x 6years = $288
User Dar Whi
by
8.1k points
4 votes
6% of $800 = $48

$48 x 6 years = $288

Answer : $288
User Maxswitcher
by
8.5k points
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