Devin invested $750 in a cd that pays 6% simple interest, calculated quarterly. how much money will devin earn in 3 years?

Hello there.

how much money will devin earn in 3 years?

$ 885.00.

This simple interest calculator calculates an accrued amount that includes principal plus interest. The equation is A = P (1 + rt). Given the details provided, A = $ 885.00

The calculation: First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year, then, solving our equation

A = 750 (1 + (0.06 * 3)) = 885

A = $ 885.00

The total amount accrued, principal plus interest, from simple interest on a principal of $ 750.00 at a rate of 6% per year for 3 years is $ 885.00.