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Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years. After 5 years, Alex will have earned in interest.

Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years. After 5 years, Alex will have earned in interest.
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Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.

After 5 years, Alex will have earned in interest.

asked
User Mild Fuzz
by
8.4k points

1 Answer

2 votes

Answer: After 5 Years Alex will receive 90 Dollar.

Step-by-step explanation 5 x 6% of 300 = 30% is 90 Dollar.

answered
User Gaurav Shrivastava
by
7.4k points
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