An account begins the year with a $4000.00 balance. If the account earns 3% simple interest, what is the balance at the end of one year? A. $4,120.00 C. $4,300.00 B. $4,003.00 D. $4,012.00

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Nick Stemerdink asked Nov 4, 2023

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10 votes

An account begins the year with a

$4000.00 balance. If the account
earns 3% simple interest, what is the
balance at the end of one year?
A. $4,120.00
C. $4,300.00
B. $4,003.00
D. $4,012.00

Mathematics
college

Nick Stemerdink asked Nov 4, 2023

by Nick Stemerdink

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$s = c(1 + in) \\ s = 4000(1 + 0.03 * 1)$

s = 4120.00

Option: A

Nkirkes answered Nov 9, 2023

by Nkirkes

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