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Sam deposits $1,000 into an account that pays 6% simple interest annually. He plans to take the money out after 3.5 years. What will the balance in his account be after 3.5 year…

Sam deposits $1,000 into an account that pays 6% simple interest annually. He plans to take the money out after 3.5 years. What will the balance in his account be after 3.5 year…
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Sam deposits $1,000 into an account that pays 6% simple interest annually. He plans to take the money out after 3.5 years.

What will the balance in his account be after 3.5 years?

User Ajeet Varma
by
9.3k points

1 Answer

6 votes

Answer: 1210

Explanation:

User Stikkos
by
8.1k points
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