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17 October, 07:25

Ivanna deposits $600 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first years?

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  1. 17 October, 08:31
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    Year 1: 636 (+$36)

    Year 2: 674.16 (+$38.16)

    Year 3: 714.61 (+$40.45)

    Year 4: 757.49 (+$42.88)

    Year 5: 802.94 (+$45.45)
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