Question

James deposited $575 into a bank account that earned 5.5% simple interest each year. If no money was deposited into or withdrawn from the account, how much money was in the account after ​ ​ 2 ​ ​ years? Round your answer to the nearest cent. Enter your answer in the box.

Answer 1

I=prt,,i=575*0.055*2,,i=63.25 total interest then A=p+i,,a=575+63.25,,A=638.25 the answer

Answer 2

it's 654.06

Explanation:

I just did the test