Jean deposits $730 in an account that pays 2.8% simple interest. He neither adds more money nor withdraws any money from his account. What is the total amount that will be in Jean's account after 5 years?

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asked Feb 3, 2022 161k views

5 votes

Jean deposits $730 in an account that pays 2.8% simple interest.

He neither adds more money nor withdraws any money from his account.
What is the total amount that will be in Jean's account after 5 years?

Mathematics
high-school

Adam Drewery asked

by Adam Drewery

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2 Answers

6 votes

Answer:

basically what you have to do, is multiply 2.8 by 730 5 times, because its five years

Explanation:

Mohammad Salehi answered Feb 4, 2022

by Mohammad Salehi

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4 votes

Answer:

125,635.6864

you have to do 2.8x730 5 times

Ciaran Fisher answered Feb 8, 2022

by Ciaran Fisher

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