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You deposit $1200 in an account. Your account earns 2.6% simple interest rate. What is the balance of the account after an additional 3 months? Round to the nearest penny, if nec…

You deposit $1200 in an account. Your account earns 2.6% simple interest rate. What is the balance of the account after an additional 3 months? Round to the nearest penny, if nec…
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You deposit $1200 in an account. Your account earns 2.6% simple interest rate. What is the balance of the account after an additional 3 months? Round to the nearest penny, if necessary.

User Wassim Benhamida
by
7.7k points

1 Answer

4 votes

Answer: $1,293.60

Explanation:

User Nianliang
by
7.8k points
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