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Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?

Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?
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Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?

asked
User Ming C
by
7.8k points

2 Answers

2 votes

Answer:

4715!!!!!

Explanation:

answered
User Itdxer
by
8.1k points
2 votes
% Interest = 5%
Principal Amount = $4100
Period Of Pay = 3 yrs

Interest Amount
5/100 × 4100 × 3
=615

Amount After Interest
4100 + 615 = 4715

Answer = 4715
answered
User Intekhab Khan
by
7.1k points
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