Question

PLZ Help

Jon invests $4,100 into an account that pays 5 percent simple interest each year. What is the total balance in the account after 3 years?
$615.00
$3,485.00
$4,305.00
$4,715.00

Answer 1

he would have $4,715

5% of $4,100 is $205 times 3 is $615 plus $4,100 is $4,715