Sophia invest $12,350 in a account that earns 4.5% annual simple interest. Assuming she makes no additional deposits or withdrawals, how much interest will Sophia earn after 36 months?

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asked Jul 12, 2022 143k views

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Sophia invest $12,350 in a account that earns 4.5% annual simple interest. Assuming she makes no additional deposits or withdrawals, how much interest will Sophia earn after 36 months?

Mathematics
high-school

Scheherazade asked

by Scheherazade

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Answer:

I DO NOT KNOW

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PuneetShanbhag answered Jul 13, 2022

by PuneetShanbhag

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You would find out how many years is 36 months and then do 12,350 x4.5x
X being the number of years.

Steve Keenan answered Jul 16, 2022

by Steve Keenan

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