Question

Chaleah deposited $900 in a new account that earns 6% simple interest. After 2 years, how much interest will she have earned?

Answer 1

$108! Hope this helps!

Answer 2

$108

Explanation:

Use the equation i = prt (interest = principle*rate*time):

Principle: $900

Rate: 0.06 (6%)

Time: 2 years

Put it all in an equation:

i = 900*0.06*2

i = $108