Register

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

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
188k views
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
9.2k points

1 Answer

4 votes

Answer:

4760

Explanation:

Simple interest formula:

PV(1+it)

4250(1+.04*3)=4760

User JValdron
by
8.4k points
← Prev Question Next Question →

No related questions found

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!