# math

posted by .

Pat deposits \$600.00 in a saving accounts at a simple interest rate of 6% per year for five years. How much money will pat have earned in interest at the end of five years?

• math -

600 x .06 x 5 = ?

• math -

930

## Similar Questions

1. ### Calc

A person deposits money into a retirement account, which pays 7% interest compounded continuously, at a rate of \$1000 per year for 20 years. Calculate: a. The balance of the account at the end of 20 years b. the amount of money actually …
2. ### finance

equipment cost \$20,000 and is financed over a period of five years at an interest rate of 12%...What is the monthly payment...What is the loan balance at the end of four years and how much interest will have been paid on the loan after …
3. ### Math

Mary B deposits \$8500 into a savings account, compounded monthly at a nominal interest rate of 9 percent, as part of a savings plan that she would like to undertake in 5 years. 1) What is the effective interest rate per annum?
4. ### Math

Nico was stunned when he opened the mail. Here was a check for \$322.50! This was the interest he earned on his investment. One year ago Nico had been given \$5,000. His parents made him put it in the bank and save it for college, but …
5. ### Maths B

Kate is thinking about investing \$45000 for 5 years. She deposits her money into an account which earns interest paid quarterly at a rate of 3.99% p.a. After 1½ years, Kate withdraws her investment (including interest) and deposits …
6. ### math

If you put \$ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years?
7. ### math

henrietta deposits \$3500 to start a new bank account. it earns a simple interest rate of 6.5% per year. henrietta makes no more to deposits to the account. how much interest will henrietta have earned after three years?
8. ### math

Yvonne put \$4,000 in a savings account. At the end of 3 years, the account had earned \$960 in simple interest. A. how much does she have in her account at the end of 3 years?
9. ### Math

Joe borrowed \$2000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in five years?
10. ### Algebra

Phyllis invested 67000 dollars, split between two different accounts. The money in the first account earns simple interest at the rate of 4 percent per year. The money in the second account earns simple interest at the rate of 6 percent …

More Similar Questions