Question

Question content area top Part 1 ​Boden's account has a principal of 700 ​$ and a simple interest rate of ​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? x y graph Question content area bottom Part 1 In the double number​ line, the missing interest value is enter your response here and the missing year value is 429.3. ​(Type integers or​ decimals.)

Answer 1

The amount of money in Boden's account after 4 years, with a principal of $700 and a simple interest rate of 3.8%, is $806.4.

Step-by-step explanation:

To find the amount of money in Boden's account after 4 years with a principal of $700 and a simple interest rate of 3.8%, we can use the simple interest formula:

Amount = Principal + (Principal × Rate × Time)

Plugging in the given values:

Amount = $700 + ($700 × 0.038 × 4)

Amount = $700 + ($700 × 0.152)

Amount = $700 + $106.4

Amount = $806.4

Therefore, the amount of money in Boden's account after 4 years is $806.4.