Diego deposited \$ 10,000$10,000 for 44 years at a rate of 6\%6% simple interest. Find the amount of interest Diego earned afte

Question

2 years ago

7

r four years.

1 answer:

timama [110] · Answer 1 · 2022-06-05T13:48:17+03:00

Answer:

$2,400

Step-by-step explanation:

Note: The correct years is 4 not 44

The Principal = $10,000

Time period = 4 years

Rate = 6 % p.a.

Simple Interest = Principal * Rate * Time

Simple Interest = $10,000 * 6% * 44

Simple Interest = $2,400

So, the amount of interest Diego earned after four years is $2,400

Diego deposited \$ 10,000$10,000 for 44 years at a rate of 6\%6% simple interest. ​Find the amount of interest Diego earned afte