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Sagot :
The simple interest Trey earns if he makes no additional deposit or withdrawal for a period of 6 years is 600
How to calculate simple interest?
- Principal = 5,000
- Rate = 2%
= 2/100
= 0.02
- Time = 6 years
Simple interest = principal × rate × time
= 5000 × 0.02 × 6
= 600
Therefore, the simple interest Trey earns if he makes no additional deposit or withdrawal for a period of 6 years is 600
Learn more about simple interest:
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