2. Gary deposits $3,700 in an account that pays 2.15% simple interest. He keeps the money in the account for three years, but doesn't make any deposits or withdrawals. How much interest will he receive

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Vladimir Fokow asked May 14, 2022

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Mathematics
high-school

Vladimir Fokow asked May 14, 2022

by Vladimir Fokow

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Answer:

70000.036 = 1260

Explanation:

Oliver Salzburg answered May 15, 2022

by Oliver Salzburg

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10 votes

Answer:

He will receive $238.65 after three years

Explanation:

3700(1+0.0215 * 3) = 3,938.65

3,938.65 - 3700 = $238.65

Patrick Browne answered May 19, 2022

by Patrick Browne

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