You deposit $4,400 into a bank account with an annual simple interest rate of 2.1%. a. How much interest does the account earn in 15 months? b. What is the balance of the account after 15 months?

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asked Aug 2, 2022 53.0k views

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You deposit $4,400 into a bank account with an annual simple interest rate of 2.1%. a. How much interest does the account earn in 15 months? b. What is the balance of the account after 15 months?

Mathematics
college

HarryFink asked

by HarryFink

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Hi I don't know how to explain this in steps but the interest is 15523,2

The balance is 1108,8

Samuelabate answered Aug 7, 2022

by Samuelabate

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