Pablo deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will he be paid in the first 6years?

$5900

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Simple Interest Rate Formula: A = P(1 + rt)

P is principle amountr is ratet is time (in years)

Step-by-step explanation:

Step 1: Define

Identify variables

P = 5000

r = 3% = 0.03

t = 6

Step 2: Find Interest

Substitute in variables [Simple Interest Rate Formula]:                                 A = 5000(1 + 0.03 · 6)(Parenthesis) Multiply:                                                                                       A = 5000(1 + 0.18)(Parenthesis) Add:                                                                                            A = 5000(1.18)Multiply:                                                                                                             A = 5900

56 ur welcome:

Im not that good with division but i think 5 is -6but dont quote me on thatim not the best in division but thats my answer