document.write( "Question 1001318: Karen deposit 7000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first six years \n" ); document.write( "
Algebra.Com's Answer #618566 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! Simple interest I=prt \n" ); document.write( "So if it isn't compounded, \n" ); document.write( "I = ($7000)(.05)(6) = $2100 \n" ); document.write( " |