Question

Nicole deposits $2,136 in a savings account paying 5.36% interest. To the nearest dollar, how much money does Nicole have in total after nine years?

Answer 1

we know that

The simple interest formula is equal to



where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest
t is Number of Time Periods

in this problem we have



substitute in the formula above





Round to the nearest dollar

therefore
the answer is the option D

Answer 2

The answer is $3,166 hope you pass