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Ed deposited $6000 into a savings account 4 years ago. The simple interest rate is 3%. How much does Ed have in his account now?

Ed deposited $6000 into a savings account 4 years ago. The simple interest rate is 3%. How much does Ed have in his account now?
asked 93.0k views
4 votes
Ed deposited $6000 into a savings account 4 years ago. The simple interest rate is 3%. How much does Ed have in his account now?

asked
User Thomas Fankhauser
by
7.7k points

2 Answers

4 votes
it would be 6000-180=5820
answered
User Yoape
by
7.5k points
7 votes

Answer:

$200,000

Explanation:

6,000×100=600,000

600,000÷3=200,000

So $200,000

answered
User Arsh Singh
by
7.6k points
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