Register
Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?
47.7k views
0 votes
Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?

User Ming C
by
4.8k points

2 Answers

2 votes

Answer:

4715!!!!!

Explanation:

User Itdxer
by
5.9k points
2 votes
% Interest = 5%
Principal Amount = $4100
Period Of Pay = 3 yrs

Interest Amount
5/100 × 4100 × 3
=615

Amount After Interest
4100 + 615 = 4715

Answer = 4715
User Intekhab Khan
by
4.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.5m answers

Other Questions

Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Can someone help me with 5??? ASAP?
Link Copied!