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Mitchell deposits $1,200 in an account that pays 4.5% simple interest. He keeps the money in the account for three years without any deposits or withdrawals. How much is in the account after three years?
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Mitchell deposits $1,200 in an account that pays 4.5% simple interest. He keeps the money in the account for three years without any deposits or withdrawals. How much is in the account after three years?

User Cnrhgn
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1 Answer

7 votes

Answer:

$1362

Explanation:

User Ataboy Josef
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7.8k points
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