Jwescott524
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Isabella is calculating the interest earned on a deposit of $3000 in an account that earns 4% simple interest after 6 years I=prt I= 3000(.04)(6). A. I=3,720. Isabella determines that her deposit will then be worth 6,720.00. Explain what isabela did incorrect . B. what is the correct amount of interest. please show the work

Respuesta :

devishri1977

Answer:

Interest = $ 720

Step-by-step explanation:

p =  $ 3000

r = 4%

t = 6

I = [tex]3000*\frac{4}{100}*6\\[/tex]

= 30 *4 * 6

= 720

Amount  = p + I

               = 3000 + 720

               = $ 3720

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