Question

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? $615.00 $3,485.00 $4,305.00 $4,715.00

Answer 1

$4715

Explanation:

Answer 2

he would have $4,715 :)

5% of $4,100 is $205 times 3 is $615 plus $4,100 is $4,715 :)