Simple Intrest Rate 3.25% Martin deposits $7,000 in an account at Victory Bank. Find the amount of interest earned and the total value of his account after 36 months.

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asked Oct 11, 2024 25.4k views

1 vote

Simple Intrest Rate

3.25%

Martin deposits $7,000 in an account at Victory Bank. Find the amount of interest earned and the total value of his account after 36 months.

Mathematics
college

Maaudet asked

by Maaudet

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The total value of Martin's account after 36 months is $7,682.50. $682.50 in interest was earned.

Aleksandr Dubinsky answered Oct 15, 2024

by Aleksandr Dubinsky

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