charlotte puts $650 into a savings account that earns 6% simple interest annually. how much interest does…

charlotte puts $650 into a savings account that earns 6% simple interest annually. how much interest does she earn after 1 year? interest = $? hint: i = prt

charlotte puts $650 into a savings account that earns 6% simple interest annually. how much interest does she earn after 1 year? interest = $? hint: i = prt

Answer

Explanation:

Step1: Identify values

$P = 650$, $R=0.06$ (6% as a decimal), $T = 1$

Step2: Apply simple - interest formula

$I=PRT$ $I=650\times0.06\times1$ $I = 39$

Answer:

$39$