Register

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.

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.
25.5k 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.

User Maaudet
by
8.6k points

1 Answer

5 votes

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

User Aleksandr Dubinsky
by
8.4k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!