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Keiko deposits $6000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 3 years? help soon please

Keiko deposits $6000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 3 years? help soon please
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5 votes
Keiko deposits $6000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 3 years?

help soon please

User TonE
by
8.4k points

1 Answer

4 votes

Answer:

540

Explanation:

3% of 6000 is 180. Multiply that by 3 years and you have your result.

User Ictus
by
8.0k points
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