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Stephen deposited 5800 in a new savings account. The savings account earns 8.0% annually and simple interest. How much is the account after 3 years?
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1 vote
Stephen deposited 5800 in a new savings account. The savings account earns 8.0% annually and simple interest. How much is the account after 3 years?

User Johnkavanagh
by
7.8k points

2 Answers

1 vote
The answer is $7, 192.
User Gaw
by
8.0k points
5 votes

Answer:

$7,192

Explanation:

8% of 5800= 464

464x3 = 1392

5800 + 1392 = 7,192

User Arrowmaster
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8.6k points
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