Question

Samara deposited $5,000 into an account and didn't make any more deposits. The interest rate is 12%. How much did she earn in interest after 6 years?

Answer 1

first start with making the percentage a decimal. 12 divided by 100= 0.12
5000 times 0.12= 600
600 times 6= 3600

Samara earns $3,600 in interest after 6 years