Seudónimo Seudónimo

23-01-2017
Mathematics

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Alicia deposited $450 into a savings account earning 3.75% interest. How much interest will she earn in6 years? Explain. Write the simple interest formula

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JacobSc JacobSc

23-01-2017

450*3.75%*6
450*0.375*6
$1012.0
<3

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Jedimaster13 Jedimaster13

23-01-2017

I is interest and y is years
I = 450[tex] 1.0375^{y} [/tex]
Therefore, I(6) = 450 * [tex] 1.0375^{6} [/tex] = 561.230346741 Which is
$111.23 in interest

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