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19. The Millers open a savings account for their newborn son with $430. Find the total amount in the account after 3 years if the simple interest rate is 2.5%.

19. The Millers open a savings account for their newborn son with $430. Find the total amount in the account after 3 years if the simple interest rate is 2.5%.
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4 votes
19. The Millers open a savings account for their newborn son with $430. Find the total amount in the account after 3 years if the simple interest rate is 2.5%.

User Ali Turki
by
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1 Answer

4 votes

we get that


C=430+3\cdot0.025\cdot430=462.25

User Dan Loughney
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