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1 vote
Dale deposits 7000$ into an account that pays simple interest at an annual rate of 3%. He does not make any more deposits. He makes no withdraws until the end the end of 6 years when he withdraws all the money.

User Ralfeus
by
6.7k points

2 Answers

5 votes

Answer:

1400000

Explanation:

because interest happens yearly so you take 3% of 7000 multiply it by 6 then add it to 7000

User Quwan
by
6.5k points
1 vote

Answer:

at is 1.9m

Explanation:

User Syma
by
7.0k points
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