Answered

You deposit $2400 in an account that earns 4% simple interest for 6
years. Find the amount of interest earned. (Hint: the simple interest
formula is I=Prt) *

Answer :

kafleshristi2005

Answer:

$576

Step-by-step explanation:

Principal (P)= $2400

Rate (R) = 4%

Time (T) = 6 yrs

Interest (I)= ?

We know that,

I = (P* T*R)/100

=(2400*4*6)/100

= $576

therefore, the amount of interest earned is $576

Answer:

576

Step-by-step explanation:

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