BANKING Brayden deposited $2700 into a savings account that has an annual simple interest rate of 0.3%. Find the amount in the savings account after each number of years. 1/2 ye…

Question

asked Sep 19, 2023 36.1k views

1 Answer

Navoneel Talukdar · Answer 1 · 2023-09-23T19:46:54+0000

Answer:

After 1/2 Year: $2704.05

After 3 Years: $2724.30

After 6 Years: $2748.60

Explanation:

Use the equation A=P(1+rt) to solve for the amount in each savings account.