Abbi invested $1,500 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 6 years. Then find the total of principal plus interest.

Question

anonymous · Answer

Hint:

Simple interest formula:

$$S = P(r)(t)$$

S = Simple Interest
P = principal
r = Rate
t = Time

anonymous · Answer

$36,000.00; $37,500.00
$360.00; $1,860.00
$397.98; $1,897.98
$60.00; $1,560.00
this is what my choces are for anyone who wants to give an answer

anonymous · Answer

Try working it out yourself. Substitute what you know into the simple interest formula.

$$S = 1500\times0.04\times6$$

anonymous · Answer

Once you figure that out, add it onto the principal (1500)

anonymous · Answer

We're here to help you with your maths problems, not do them for you.

anonymous · Answer

Look, the answer is very simple. Put 1500 x 0.04 x 6 into your calculator.

anonymous · Answer

You can delete your responses, but the fact of the matter is I'm not going to solve such a simple equation for you; I urge everyone else to do the same. If you want help with mathematics, I am available for that, but if you just want the easy way out, then you're not getting it.

anonymous · Answer

what you helped with didnt help me at all ok

anonymous · Answer

What answer did you get when you put 1500 x 0.04 x 6 in your calculator?