Sonja and jake just got married. They received $4500 in gift money and deposited it into a savings account that pays 2.85% simple interest. How much will that have in savings after 3 years?

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asked Apr 12, 2020 115k views

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Sonja and jake just got married. They received $4500 in gift money and deposited it into a savings account that pays 2.85% simple interest. How much will that have in savings after 3 years?

Mathematics
high-school

Santana asked

by Santana

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1 vote

Answer:

Explanation:

i=prt

i=?

p=4500

r=2.85=0.0285

t= 3 years

so=4500*0.0285*3

equals=384.75

hoped it helped

Jim Scott answered Apr 18, 2020

by Jim Scott

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