Question

abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6 years. then find the total of principal plus interest
For simple interest, i = Prt
i = 1500 * .04 * 6 = 360
P+i = 1500 + 360 = 1860
Your equation to help you determine the answer would be,
a = 1500 (0.04 (6))= 1860
Then find the total of principal plus interest,
a = 1500 + 1860

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