Question

Diego deposited $10,000. He earns simple interest at a rate of 6%. ​

Answer 1

Answer:

$60

Step-by-step explanation:

To find the interest of the amount of money Diego has, $10,000, find 6% of 10,000.

To find decimal form of 6%:

6% = 0.06 because 6/100 = 0.06

Then multiply 0.06 x 10,000 to find 6 percent of 10,000.

0.06 x 10,000 = 60

Therefore, Diego earned $60 in interest from his deposit of $10,000.