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A BANK PAYS 7% SIMPLE INTREST ON A ONE -YEAR CD . THE DEPOSITER HAS SAVED $35.00 PER WEEKFOR 52 WEEKS BEFORE DEPOSITING THE MONEY FOR 1 YEAR A: WHAT WILL BE BE THE INTREST ON THE MONEY INVESTED AT THE
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A BANK PAYS 7% SIMPLE INTREST ON A ONE -YEAR CD . THE DEPOSITER HAS SAVED $35.00 PER WEEKFOR 52 WEEKS BEFORE DEPOSITING THE MONEY FOR 1 YEAR A: WHAT WILL BE BE THE INTREST ON THE MONEY INVESTED AT THE END OF 1 YEAR/ b: WHAT WILL BE THE TOTAL AMOUNT IN THE ACCOUNT AT THE END OF 1 YEAR OF EARNING INTREST ?

User BeeGee
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1 Answer

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Step-by-step explanation:

rate 7percent

principal 35

time 52

interest PTR÷100

35*52*7÷100127.4

User Aleclerc
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4.9k points
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