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

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JamesENL asked Mar 19, 2023

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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

JamesENL asked Mar 19, 2023

by JamesENL

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25 votes

Answer:

0 years: $0

5 years: $460

10 years: $520

15 years: $580

20 years: $640

Explanation:

Bijaykumarpun answered Mar 24, 2023

by Bijaykumarpun

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