Register

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
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!