David deposits $7000 into an account that pays simple interest at a rate of 6% per ear how much interest will he be paid in the first 5 year

Question

David deposits $7000 into an account that pays simple interest at a rate of 6% per ear how much interest will he be paid in the first 5 years? Brinley

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Hải Đăng 3 years 2021-08-04T10:10:50+00:00 2 Answers 11 views 0

Answers ( )

  1. diemkieu
    0
    2021-08-04T10:12:24+00:00
    Reply

    Answer:

    $2368

    Step-by-step explanation:

    Interest=Value*((1+interest)^{years}-1) \\= 7000(1.06^{5}-1)=2368

  2. Euphemia
    0
    2021-08-04T10:12:43+00:00
    Reply

    Answer:

    2367..58

    Step-by-step explanation:

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