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YOU PUT 1205 IN AN ACCOUNT THAT EARNS 2.5% SIMPLE INTEREST. FIND THE TOTAL AMOUNT IN THE ACCOUNT AFTER 4 YEARS
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YOU PUT 1205 IN AN ACCOUNT THAT EARNS 2.5% SIMPLE INTEREST. FIND THE TOTAL AMOUNT IN THE ACCOUNT AFTER 4 YEARS
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Mar 8, 2024
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YOU PUT 1205 IN AN ACCOUNT THAT EARNS 2.5% SIMPLE INTEREST. FIND THE TOTAL AMOUNT IN THE ACCOUNT AFTER 4 YEARS
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TWilly
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Answer: 1325.50
Work Shown:
A = P*(1+r*t)
A = 1205*(1+0.025*4)
A =
1325.50
Kim Montano
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Mar 15, 2024
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Kim Montano
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