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Mai put $4,250 in the bank for a rate of 4% simple interest per year. After 3 years, what will be the balance of her bank account? 0
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4 votes
Mai put $4,250 in the bank for a rate of 4% simple interest per year. After

3 years, what will be the balance of her bank account?
0

User GoodJuJu
by
6.7k points

1 Answer

4 votes

Answer:

4760

Explanation:

Simple interest formula:

PV(1+it)

4250(1+.04*3)=4760

User JValdron
by
6.1k points
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