Aimee deposited $250 into a savings account with the simple interest of 6% per year. After 4 years, how much money, in total, will she have in her account?

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asked May 24, 2022 135k views

1 vote

Aimee deposited $250 into a savings account with the simple interest of 6% per year.

After 4 years, how much money, in total, will she have in her account?

Mathematics
high-school

Kyle Truscott asked

by Kyle Truscott

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1 Answer

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Answer:

Explanation:

Interest=principal*rate*time/100

Interest=240$

Amount= principal + interest

Amount=$490

Gibson answered May 29, 2022

by Gibson

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