Ask Question
12 July, 18:46

Carlos deposits $7000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 6 years?

+1
Answers (1)
  1. 12 July, 19:02
    0
    12%=$1540

    Step-by-step explanation:

    100%=$7000

    2%=$140

    2*6=12

    12%=$1540

    102%=$7140

    112%=$8540
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Carlos deposits $7000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 6 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers