06-09-2017
Mathematics

contestada

Mitchell deposited $651.37 in a savings account that earns 3.9% simple interest what is Mitchell's account balance after 15 years

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Aliwohaish12 Aliwohaish12

06-09-2017

The formula to find the account balance is
A=p (1+rt)
A account balance?
P amount deposited 651.37
R interest rate 0.039
T time 15 years
A=651.37×(1+0.039×15)
A=1,032.42

Hope it helps!

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