Question

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 years
3 years
6 years

Answer 1

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.