A retired couple invested $6000 in bonds at a simple interest rate of 5.1%. At the end of one year, how much interest did they receive on their investment? Please show your work.
if the interest rate is being paid yearly the: [tex] \frac{5.1}{100} \times 6000 \\ = 0.051 \times 6000 \\ = 306 \\ 306 + 6000 = 6306[/tex] they have received $306
