Alexa put $850 into savings account that earns 0.75% annual simple interest. If Alexa doesn’t make any deposits or withdrawals for 18 months, how much money will be in her account?

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Yantraguru asked Jun 22, 2023

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Alexa put $850 into savings account that earns 0.75% annual simple interest. If Alexa doesn’t make any deposits or withdrawals for 18 months, how much money will be in her account?

Mathematics
high-school

Yantraguru asked Jun 22, 2023

by Yantraguru

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Principal= 850

rate = 0.75%

period = 18months

interest = 850x0.75%x18

= 850x0.0075x18

= 114.75

amount after 18 months

= 850+114.75 = $964.75

Steven Green answered Jun 27, 2023

by Steven Green

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