butbugr5 butbugr5

25-05-2017
Mathematics

contestada

find the final balance in an account with $820 invested at 4% annual simple interest for three years

Respuesta :

fussellk fussellk

25-05-2017

I = PRT
I = 820 x .04 x 3
Interest = 98.40

Final Balance = 820 + 98.40 = 918.40

Answer Link

erolkayacan erolkayacan

20-01-2020

Answer:

The answer is 918.4$

Step-by-step explanation:

The formula of simple interest rate is:

[tex]I=prt\\I=820*0.04*3\\I=98.4[/tex]

Interest quantity of 3 years will be 98.4$.

Total balance at the end of 3 years will be 820+98.4=918.4$

Answer Link

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