Question

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? Will mark brainliest PLSSSSS HELLLLLP

Answer 1

Answer:

$2,520

Step-by-step explanation:

The simple Interest earned on an deposit, P at a rate of r% for a period of t years is calculated using the formula:

$\text{ Simple Interest}=\dfrac{Principal*Time*Rate}{100}$

P=$10,500

R=6%

T=4 years

Therefore:

$\text{ Simple Interest}=\dfrac{10500*4*6}{100}\\=\ 2,520$

Sally will earn $2520 interest after 4 years.