Question

​Boden's account has a principal of ​$600 and a simple interest rate of 3.9​%. Complete the number line. How much money will be in the

Answer 1

Explanation:

If Boden's account has a principal of $600 and a simple interest rate of 3.9%, then the interest he earns each year can be calculated as follows:

Simple Interest = Principal * Rate * Time = $600 * 3.9% * 1 = $23.40

So, after one year, the amount of money in the account will be $600 + $23.40 = $623.40

This process can be repeated for multiple years to find the amount of money in the account for a specific time period.