Respuesta :

camisashrimp
$2,360


6% of $2,000 is $120. Multiply that by 3 (years) and add it to the starting amount.

The amount after 3 years is $2,360.

Given that,

  • An account that yields 6% simple interest annually has $2,000

Based on the above information, the calculation is as follows:

[tex]= \$2,000 + (\$2,000 \times 6\% \times 3)\\\\[/tex]

= $2,000 + $360

= $2,360

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