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Finance 14 Online
OpenStudy (narissa):

can someone help me if someone deposited 6000 in the bank for 3 years with an interest rate of 4% what did they earn after 3 years? please help I will give u a medal!

OpenStudy (narissa):

@iGreen

OpenStudy (anonymous):

@Love_k

OpenStudy (anonymous):

18,720

OpenStudy (anonymous):

ok so your going to do 6000 times 3 times 0.04

OpenStudy (anonymous):

no its just 720

OpenStudy (narissa):

its 720

OpenStudy (narissa):

then what?

OpenStudy (anonymous):

or 720 whith out the money from her deposits.

OpenStudy (narissa):

it just asks whats the interest he earned?

OpenStudy (anonymous):

720$

OpenStudy (anonymous):

.04 percent of $6000

OpenStudy (anonymous):

is 240 so you multiply that time three because of each year she got that much money.

OpenStudy (narissa):

oh good so it is 720

OpenStudy (anonymous):

yes

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