sally invests 10,500 in an account that earns 6% annual simple interest. assuming she makes no additional deposits or withdraws, how much interest will sally earn after 4 years?

Question

Mathematics

Ernesto Beard

30 March, 09:24

sally invests 10,500 in an account that earns 6% annual simple interest. assuming she makes no additional deposits or withdraws, how much interest will sally earn after 4 years?

+3

Answers (1)

Know the Answer?

Trace Walter · Answer 1

The interest is: $2520.00

Step-by-step explanation:

P is the principal amount, $10500.00.

r is the interest rate, 6% per year, or in decimal form, 6/100=0.06.

t is the time involved, 4 ... year (s) time periods.

So, t is 4 ... year time periods.

To find the simple interest, we multiply 10500 * 0.06 * 4 to get that