Question

Sofia deposited $6400 into her savings account for a period of six years. How much

simple interest did her money earn at an interest rate of 1.5%?

Answer 1

Answer:$576

Explanation:

To find the simple interest on$6400 on 6yr at 1.5%

Simple interest=prt/100

I=6400×1.5×6/100

I=$576