On your 16th birthday you open up a savings account with $1,000 that counts pays 4% simple interest how much will be in the account on your 50th birthday the beginning of the 35th year in the account show

asked Sep 3, 2022 35.1k views

22 votes

7.4k points

Please log in or register to add a comment.

13 votes

Answer:

3.30

Explanation:

So in the first month your $1000 will earn $1000 * .33% = $3.30.

Sahar answered Sep 8, 2022

by Sahar

7.8k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers