Question 5 (1 point)
5. Isabella is calculating the interest earned on
a deposit of $3,000 in...
Mathematics, 06.01.2021 20:20, wallacelizzy1
Question 5 (1 point)
5. Isabella is calculating the interest earned on
a deposit of $3,000 in an account that earns
4% simple interest after 6 years.
I = prt
I = 3,000(.04)(6)
I = 3,720
A. Isabella determines that her deposit will then be worth $6,720. What did she do wrong?
B. What is the correct amount of interest?
Answers: 2
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