Jerzy
contestada

Jackie deposited $315 into a bank account that earned 1.5% simple interest each year. If no money was deposited into or withdrawn from the account, how much money was in the account after ​3​ years?

Round your answer to the nearest cent.

Respuesta :

The formula for simple interest is i = p*r*t, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.

Here,   i = ($315) (0.015) (3) = $14.18  (answer)

I think it's 329.18......