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Computer amount of interest earned and the following simple interest from a deposit of 5500 at 6% for three years equals?

Computer amount of interest earned and the following simple interest from a deposit of 5500 at 6% for three years equals?
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Computer amount of interest earned and the following simple interest from a deposit of 5500 at 6% for three years equals?

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User L Balsdon
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7.1k points

1 Answer

2 votes
1 year = 6% x 5500 = 0.06 x 5500 = $330

1 year = $330
3 years = $330 x 3 = $990

Answer: $990
answered
User Grayson Henry
by
8.3k points
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