petiefaulkner23 petiefaulkner23

24-04-2018
Mathematics

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calculate the amount of money youll have at the end of the indicated time period, assuming that you earn simple interest you deposit $3200 in an account with an annual interest of 3.9% for 10 years

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dasabhik2016 dasabhik2016

24-04-2018

Since it is simple interest, the equation isn’t linear.

y=0.039(3200)(10)+3200
y=1248+3200
y=4448

You will have $4448 by the end of 10 years.

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