Register

Michelle opened an interest-bearing savings account. She deposited $8,750 into the account. If the account earns 1.3% interest, what will be Michelle's balance after two ye…

Michelle opened an interest-bearing savings account. She deposited $8,750 into the account. If the account earns 1.3% interest, what will be Michelle's balance after two ye…
109k views
3 votes
Michelle opened an

interest-bearing savings
account. She deposited $8,750
into the account. If the account
earns 1.3% interest, what will
be Michelle's balance after two
years?

PLEASE HELP

User Nima Moradi
by
8.1k points

1 Answer

1 vote
The answer is 2,275

The percent turns from 1.3 to .013
Multiply the deposit and the time
After, multiply that amount that you get by the decimal( .013) and that will be your answer
User Dave Abrahams
by
8.2k points
← Prev Question Next Question →

Related questions

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!