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16 September, 19:21

sally invests 10,500 in an account that earns 6% annual simple interest. assuming she makes no additional deposits or withdraws, how much interest will sally earn after 4 years?

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  1. 16 September, 19:34
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    The interest is: $2520.00

    Step-by-step explanation:

    P is the principal amount, $10500.00.

    r is the interest rate, 6% per year, or in decimal form, 6/100=0.06.

    t is the time involved, 4 ... year (s) time periods.

    So, t is 4 ... year time periods.

    To find the simple interest, we multiply 10500 * 0.06 * 4 to get that
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