Question

You put $600 in a savings account. The account earns 6% simple interest per year. a. What is the interest earned after 10 years? The interest earned is $ after 10 years. b. What is the balance after 10 years? The balance is $ after 10 years.
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Answer 1

Answer:

Interest =$360

Balance =$960

Step-by-step explanation:

Interest = Principal *Rate * Time

             = $\frac{600 * 6 * 10}{100}$

             = $360

∴ The balance will be $600 + 360 = $960

Answer 2

Answer:

the answer is $960

Step-by-step explanation: