4. Ahmed invests $550 at 3.9%/a simple interest. What is the interest earned in Ahmed's investment account, at the end of 6 years? a. $117 b. $128.70 c. $678.70 d. $573.40

College Algebra
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Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
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Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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4. Ahmed invests $550 at 3.9%/a simple interest. What is the interest earned in Ahmed's
investment account, at the end of 6 years?
a. $117
b. $128.70
c. $678.70
d. $573.40
Transcribed Image Text:4. Ahmed invests $550 at 3.9%/a simple interest. What is the interest earned in Ahmed's investment account, at the end of 6 years? a. $117 b. $128.70 c. $678.70 d. $573.40
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