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Arnold deposited $732.19 in a savings account that earns 2.7% simple interest. What is Arnold's account balance after seven years? A: $751.96 B: $1,383.84 C: $138.38 D: $870.57
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Arnold deposited $732.19 in a savings account that earns 2.7% simple interest. What is Arnold's account balance after seven years?

A: $751.96
B: $1,383.84
C: $138.38
D: $870.57

User ChAlexey
by
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1 Answer

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$732.19 * 0.027 * 7 = $138.38 ....interest earned

$732.19 + $138.38 = $870.57......total

answer is D: $870.57
User Bugaboo
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