Answer:
$4080
Step-by-step explanation:
Step one:
given data
principal= $3000
rate = 6%= 0.06
time = 6 years
Required
The total amount in the account after 6 years
Step two:
We know that the final amount on a simple interest investment is computed using
[tex]A=P(1+rt)\\\\A=3000(1+0.06*6)\\\\A=3000(1+0.36)\\\\A=3000(1.36)\\\\A=4080[/tex]
