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Jesse deposited $3600 in a new regular savings account that earns 6% annually in simple interest. How much is in the account after 1 year?

Respuesta :

$3,816 is in the account after one year
3,600 x 6% is 3816
nicoleluff7

3,600 deposit

6% interest per month

1 year = 12 months

3, 600 * .06 = 216 ( one month)

216 * 12 = 2,592

3,600 + 2592 = 6,192 (after one year)

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