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If you currently have $4,500 in a savings account and you earn 6% simple interest on the principal for 4 years, what is the amount of interest you will earn?

If you currently have $4,500 in a savings account and you earn 6% simple interest on the principal for 4 years, what is the amount of interest you will earn?
asked 59.2k views
20 votes
If you currently have $4,500 in a savings account and you earn 6% simple interest on the principal for 4 years, what is the amount of interest you will earn?

asked
User William Melani
by
7.9k points

1 Answer

8 votes

Answer:

$1,181.15

Explanation:

Hope this helps.

answered
User Efleming
by
8.1k points
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