sam places 3850 in a bank account that pays 1.3% simple interest per year and how much interest will she earn in 6 years

Answer 1

Greetings! Lets solve this shall we ?

So, let the formula for Simple Interest be

I = P*r*t, where P = 3850, r = 0.013 and t = 6 such that

I = (3850)(0.013)(6)

I = $300.3 in interest

I hope this helped!