Problema Solution
Ernie Rolph deposits $2,650 6% annual simple interest for 1 year. How much interest will he earn?
Answer provided by our tutors
6% of $2,650:
0.06*2650 = $159
Ernie Rolph will earn $159 interest.
Ernie Rolph deposits $2,650 6% annual simple interest for 1 year. How much interest will he earn?
6% of $2,650:
0.06*2650 = $159
Ernie Rolph will earn $159 interest.