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Boden's account has a principal of ​$600 and a simple interest rate of 3.3​%. 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?

User Kevinpeterson
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Answer: photo

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Boden's account has a principal of ​$600 and a simple interest rate of 3.3​%. Complete-example-1
User Praneeta
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~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$600\\ r=rate\to 3.3\%\to (3.3)/(100)\dotfill &0.033\\ t=years\dotfill &4 \end{cases} \\\\\\ A=600[1+(0.033)(4)] \implies A=600(1.132)\implies A = 679.2

User MrBr
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