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$590 is deposited into a savings account that earns 4.25% simple interest for 3 years. Find the Interest and Account Value. Remember his is money so round your answer to the nearest hundredth. Interest:
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$590 is deposited into a savings account that earns 4.25% simple interest for 3 years. Find the Interest and Account Value. Remember his is money so round your answer to the nearest hundredth.

Interest:
Account total:

User Gregpakes
by
6.7k points

1 Answer

5 votes

Answer:

Interest:$75.23

Account total: $665.23

Explanation:

I=590(0.0425)(3)

Interest=$75.23

75.23+590=665.23

User James Risner
by
6.8k points
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