Posted by iconiac and a granderz fan on .
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