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Answered

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Edward deposited $6,000 into a savings account 4 years ago. The simple interest rate is 3%. How much money did Edward earn in interest?​

Sagot :

sahanaotter

Answer:

Edward earned $720 in interest.

Step-by-step explanation:

3% of 6000 is 180

0.03*6000 is 180

180*4=720

$720

Answer: interest = 720

Step-by-step explanation:

3/100 x 6,000/1 = 180/1 = 180

since it's 4 years

180 x 4 = 720

Percentage is roughly always out of a 100

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