EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15% simple interest. How much money will be in his account after 5 years?

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asked Jun 12, 2018 20.4k views

3 votes

EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15% simple interest. How much money will be in his account after 5 years?

Mathematics
middle-school

Thomas Burke asked

by Thomas Burke

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2 Answers

5 votes

I = prt
I = 340 * .0315 * 5
I = 53.55
Add $340 + $53.55 = $393.55

InnocentKiller answered Jun 15, 2018

by InnocentKiller

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2 votes

$393.55 will be in his account after 5 years.

Mqklin answered Jun 17, 2018

by Mqklin

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