Question

Boden's account has a principal of $300 and a simple interest rate of 3.5%. 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

formula for simple intrest

A= p(1+rt)

= 300(1+ 3.5 * 4)

=300( 15)

4500

after 4 years he has $4500