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Sally invests $10,500 in an account that earns 6% annual simple interest. Assuming she makes no additional deposits or withdrawals, how much interest will Sally earn after 4 years?
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Respuesta :

Answer: $2520

Step-by-step explanation:

The simple Interest earned on a deposit of P that has a rate of r% and a period of t years can be calculated by using the formula:

(P × R × T)/100

where P is principal

R is rate

T is time

P=$10,500

R=6%

T=4 years

Therefore:

Interest= (10500 × 6 × 4)/100

= 252000/100

= 2520

Sally will earn $2520 as interest after 4 years.

iigoofball

Answer:

$2520

Step-by-step explanation:

I=prt

Interest:???

Principle:10,500

Rate:0.06

Time (in years): 4

                                                                                                                                     

I=10,500 x 0.06 x 4

I=2520