Question

Bodens account has a principal of $800 and a simple interest rate 3.8% 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

`~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$800\\ r=rate\to 3.8\%\to (3.8)/(100)\dotfill &0.038\\ t=years\dotfill &4 \end{cases} \\\\\\ A = 800[1+(0.038)(4)] \implies A = 921.6`