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Barbara deposited $1500 into an account that earns 6% simple interest each year. How much interest will she earn in 5 years?

Answer :

shubham689
GIVEN , PRINCIPAL=$1500 RATE OF INTREST=6% TIME=5 YEARS

SIMPLE INTREST = P X R X T/100
                              =   1500 X 6 X 5/100 
                              =$450
Mathexpert
P = $1500;    R = 6%     T = 5 yrs

SI = [tex] \frac{PTR}{100} [/tex]

= [tex] \frac{1500×5×6}{100} [/tex]

= $450
Interest = $450

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