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Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years, how much interest will he earn?

Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years, how much interest will he earn?
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3 votes
Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years, how much interest will he earn?

asked
User Eladrich
by
7.5k points

1 Answer

3 votes

Answer: $2184

Explanation:

(6800)(0.028)(12) = 2184

answered
User Tafaust
by
7.8k points
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