Question

Armand deposited 389.42 in a savings account that earns 3.2% simple interest what is Amands account balance after seven years

Answer 1

Account balance = $389.42 + $389.42 (0.032) (7)

$389.42 + $87.23 = $ $476.65 (answer)

Answer 2

Account balance = $389.42 + $389.42 (0.032) (7)

$389.42 + $87.23 = $ $476.65 (answer)