161k views
4 votes
Misty deposit $3600 in a bank account that pays 2% simple interest. If she doesn't change the principal what will her balance be in five years.

User Rchawdry
by
8.2k points

2 Answers

5 votes

Answer:

Yes his answer is correct

Explanation:

Because I checked his equation and everything makes sense

User Askirkela
by
7.8k points
2 votes
Principle amount is $3600
2% interset is $72.00
In 5 years time interest she will get is 5X72 = $360.00
Total will be 3600.00+360.00

answer $3960.00 balance will be in five years.
User Daminufe
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories