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Ben deposited $6,500 in a simple interest account that pays 2.8% interest. If Ben leaves the money in the account for 12 years, how much interest will he earn?

Respuesta :

sqdancefan

Answer:

  $2184

Step-by-step explanation:

The amount of interest is given by the formula ...

  i = Prt

where P is the principal invested, r is the annual interest rate, and t is the number of years.

  i = $6500·0.028·12 = $2184

Ben will earn $2184 in interest.