Daily Math Challenge
You invest $1000 at 6% annual interest. How much interest will you earn after one year?
Answer
$60
📝 Step-by-Step Solution
1
Principal: $1000
2
Interest rate: 6%
3
Interest earned: $1000 × 0.06 = $60
💡 Helpful Hints
• What is the principal amount?
• What is the interest rate?
• Multiply principal by interest rate (as decimal)
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