You have deposited $400 in a simple interest savings account which place 3% interest annually. Find the amount of interest for 0, 5, 10, 15, and 20 years. Add the interest to $400 and fill in the table

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked May 21, 2023 105k views

3 votes

You have deposited $400 in a simple interest savings account which place 3% interest annually.

Find the amount of interest for 0, 5, 10, 15, and 20 years.

Add the interest to $400 and fill in the table round the amounts to the nearest dollar.

Mathematics
high-school

Giuliano asked

by Giuliano

5.3k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

7 votes

Answer:

0 years: $0

5 years: $460

10 years: $520

15 years: $580

20 years: $640

Explanation:

Jonas Fonseca answered May 26, 2023

by Jonas Fonseca

4.9k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions