Question

Abigail has $356 in her bank account. She earns simple interest on her money at a rate of 3% per year for a total of five years. What was the new balance of the account at the end of the 5 years? А $409.4 B $250.37 6 C) $625 - D $37.50 1

Answer 1

A. 409.4

Explanation:

3%=10.68

10.68*5=53.4

53.4+356=409.4