Question

​Boden's account has a principal of ​$800 and a simple interest rate of ​%3.2 Complete the number line. How much money will be in the account after 4​ years, assuming Boden does not add or take out any​ money?

Answer 1

The simple interest is calculated by multiplying the principal amount by the interest rate and the number of years.

Simple Interest = Principal x Interest Rate x Time

The simple interest on Boden's account is:

800 x 3.2% x 4 = 800 x 0.032 x 4 = $256

To find the total amount in the account after 4 years, we add the interest to the principal:

800 + 256 = $1056

So, Boden's account will have $1056 after 4 years.