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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?

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?
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1 vote
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?

User Ryannn
by
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1 Answer

3 votes
Y=.05x +4100
Y=.05(3)+4100
Y=.15+4100
Y=4100.15
User Paradigmatic
by
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