Question 5 (1 point)

5. Isabella is calculating the interest earned on

a deposit of $3,000 in an account that earns

4% simple interest after 6 years.

I = prt

I = 3,000(. 04)(6)

I = 3,720

A. Isabella determines that her deposit will then be worth $6,720. What did she do wrong?

B. What is the correct amount of interest?