Question

Mitchell deposited $651.37 in a savings account that earns 3.9% simple interest what is Mitchell's account balance after 15 years?

Answer 1

itd be 1,032.20 after 15 years

Answer 2

The formula is
A=p (1+rt)
A future value?
P present value 651.37
R interest rate 0.039
T time 15 years
A=651.37×(1+0.039×15)
A=1,032.42

Hope it helps!