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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
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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
4.2k 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
4.0k points
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