mc0477876 mc0477876

01-12-2020
Mathematics

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Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years, how much interest will he earn?

Ben deposited 6500 in a simple interest account that pays 28 interest annually If Ben leaves the money in the account for 12 years how much interest will he ear class=

Respuesta :

hailydenney2 hailydenney2

01-12-2020

Answer:

$2,184

Step-by-step explanation:

$6,500 x 2.8% = annual interest

6,500 x 2.8% = $182 annual interest

$182 x 12 years = interest earned in 12 years.

182 x 12 = $2,184

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