Answer:
$2,270
Step-by-step explanation:
Mr Murphey saves $2000 dollars at simple interest.
His Principal=$2000
Rate=3%
Time=4 years 6 months = [4 +⁶/₁₂] years= 4+0.5= 4.5 years
Simple Interest=PRT/100
=(2000X3X4.5)/100=270
Amount in his account at the end of 4.5 years= Principal+Simple Interest
=2000+270=$2270
Mr Murphey's Account Value after 4 years 6 months will be $2,270.
