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Can you solve this? A savings account is opened with an initial deposit of $425.00. Determine the account balance after 9 years if the account earns 2.7% simple interest annually. $3,928.28 $1,457.75 $528.
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Can you solve this?

A savings account is opened with an initial deposit of $425.00. Determine the account balance after 9 years if the account earns 2.7% simple interest annually.
$3,928.28
$1,457.75
$528.28
$103.28

User AlyssaAlex
by
8.1k points

1 Answer

3 votes
A=425(1+0.027(9))
A=528.28
User Jverzani
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8.1k points
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