Question

Boden's account has a principal of ​$500 and a simple interest rate of 4.2​%. Complete the number line. How much money will be in the account after 4​ years, assuming Boden does not add or take out any​ money?

Answer 1

Answer:$66.00

Step-by-step explanation:first we need multiply :D I will use the formula I =prt

principal= $500

rate=3.3%

time= 4 years

but we need to convert the percent, 3.3%, to a decimal

3.3%=0.033 or .033

now we multiply !

500 × 0.033 × 4 = 66 = $66.00