Question

**Aleta deposited $450 into a savings account earning 3.75% simple interest. How much interest will she earn in 6 years? Explain.

Answer 1

$101.25;450(0.0375)6=1021.25 is the answer i hope this helps you

Answer 2

Aleta will have 561.23 at the end of the 6 years. You add 3.75% to the previous amount of money from last year for every year.

ie: 'ans' is the total of the previous equation. 
450+3.75%
ans+3.75%
ans+3.75%
ans+3.75%
ans+3.75%
ans+3.75%
ans = 561.23.