Samara deposited $5,000 into an account and didn't make any more deposits. The interest rate is 12%. How much did she earn in interest after 6 years?

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asked Oct 7, 2021 197k views

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Jolmos · Answer 1 · 2021-10-13T01:28:11+0000

first start with making the percentage a decimal. 12 divided by 100= 0.12
5000 times 0.12= 600
600 times 6= 3600

Samara earns $3,600 in interest after 6 years

Samara deposited $5,000 into an account and didn't make any more deposits. The interest rate is 12%. How much did she earn in interest after 6 years?

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