A savings account earns 7% annual simple interest. The principal is $1,800. What is the interest after 6 years? What is the balance? <

Question

A savings account earns 7% annual simple interest. The principal is $1,800. What is the interest
after 6 years? What is the balance?

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Thu Nguyệt 4 years 2021-08-24T02:09:00+00:00 1 Answers 11 views 0

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  1. bonexptip
    0
    2021-08-24T02:10:48+00:00
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    Answer:

    The interest is $756.

    The balance is $2,556.

    Step-by-step explanation:

    I = Prt

    I = $1,800 * 0.07 * 6

    I = $756

    The interest is $756.

    $1800 + $756 = $2,556

    The balance is $2,556.

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