Harlee28
contestada

Maya deposited $3000 onto an account that pays simple interest at a rate of 6% per year. How much interest will she be paid the first four years?

Respuesta :

maciel1355

Answer:

Total Balance: $3720

Interest Paid: $720

Step-by-step explanation:

$3000 balance

0.06 = 6% per year

$3000 * 0.06 = $180 per year

$180 * 4 years = $720 Interest after 4 years

$3720 balance after 4 years

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