SOLUTION: How much interest will Ms. Williams earn if she invests $550 at 5% for 6 years?

SOLUTION: How much interest will Ms. Williams earn if she invests $550 at 5% for 6 years?

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Question 159771This question is from textbook
: How much interest will Ms. Williams earn if she invests $550 at 5% for 6 years? This question is from textbook

Answer by KnightOwlTutor(293) (Show Source): You can put this solution on YOUR website!
Total amount of interest=I
convert 5% to decimal=.05
Number of years invested=6
Dollars invested=D
The equation is I=550(.05)(6)=$165
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