Samfromstatefarm123 Samfromstatefarm123

09-11-2021
Mathematics

contestada

po Amelia deposited $2500 in an account that earns 3% simple annual interest. What will her account balance be after 6 years?

Respuesta :

clarch19 clarch19

09-11-2021

Answer:

$2,950

Step-by-step explanation:

Interest earned (I) = Principal x Interest rate x Time

Total Amount (A) = Interest Earned + Principal

I = 2500(.03)(6)

I = 450

A = 450 + 2500

A = 2950

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