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Ernie Rolph deposits ​$6350 at 6 ​% for 1 year. How much interest will he​ earn?

Ernie Rolph deposits ​$6350 at 6 ​% for 1 year. How much interest will he​ earn?
asked 201k views
1 vote
Ernie Rolph deposits ​$6350

at 6
​%
for 1 year. How much interest will he​ earn?

asked
User Peter Karlsson
by
7.7k points

1 Answer

3 votes
I = PRT
= (6350)(0.06)(1)
I = $381.00

hope this helps and have a great day! :)

answered
User Kolinko
by
7.9k points
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