Suppose $300 is deposited into an account that pays 6% annual simple interest. Find an equation that gives the account balance A after t years. (explain)

The formula for simple interest is:

I = Prt, where I= the amount of interest accumulated, P = the principal (the initial amount invested), r = the interest rate, and t = the amount of time the money accrues interest

In our problem, P = 300, A= 6% = .06, and t = 6 (years)

So our equation becomes:

I = 300(.04)(6)

Once you perform the above calculation, Darrick, add this amount to the initial deposit of $300 to obtain the balance of the account after 6 years.

Step-by-step explanation:

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