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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?

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?
asked 41.5k views
1 vote
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?

asked
User Improbable
by
7.8k points

1 Answer

4 votes
I=prt
I=6,000×0.03×4
I=720
answered
User James Nicholson
by
7.8k points
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