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Nine years ago, Tarah opened a savings account with her bank. She started with a balance of $359 and has not made any withdrawals or deposits since then. If her interest rate is 8% each year, how much interest has accrued using simple interest?

Total Interest = $__________

What is Tarah's new total balance?

New Balance Total = $__________

2 Answers

4 votes
you already have your answer, but i hope you’re having a great day!! :)
User Jinghui Niu
by
3.6k points
2 votes

Answer:

$258.48

Explanation:

Initial balance in the savings account = $359

Interest rate = 8%

User Tal Galili
by
2.8k points