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Jackie deposited $315 into a bank account that earned 1.5% simple interest each year.

If no money was deposited into or withdrawn from the account, how much money was in the account after ​3​ years?

Round your answer to the nearest cent.

Enter your answer in the box.

2 Answers

3 votes

Answer:

Explanation:

7

User Fabio Antunes
by
8.5k points
7 votes
I = p r t
I = 315(.015)(3) = 14.18
Add interest to the principle.
$315. + 14.18 = $329.18
User Underscore
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8.1k points