Question

Hunh put $3000 into a savings account that earns 6% simple interest annually. After six years, how much money will Hunh have?

Answer 1

4,080.00

Explanation:

The total amount accrued, principal plus interest, from simple interest on a principal of $3,000.00 at a rate of 6% per year for 6 years is $4,080.00.