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7 August, 06:36

How much interest is earned on $300 at 6% for 6 years?

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  1. 7 August, 08:20
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    108 dollars

    Step-by-step explanation:

    First, let's convert 6% to a decimal.

    We get 0.06 because we multiplied (or divided by 100) it by 1/100.

    Now, let's do 0.06 * 300 to get interest on one year. This equals to 18$

    Let's now do 18 * 6 to get

    108 dollars
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