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14 June, 14:53

Chanelle deposits 7500 into the bank she does not withdraw or deposit money for six years she earns 6% interest during that time. How much interest will she have earned at the end of 6 years?

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  1. 14 June, 15:40
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    10,200 Dollars

    Step-by-step explanation:

    First, converting R percent to r a decimal

    r = R/100 = 6%/100 = 0.06 per year.

    Solving our equation:

    A = 7500 (1 + (0.06 * 6)) = 10200

    A = $10,200.00
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