Question

Misty deposit $3600 in a bank account that pays 2% simple interest. If she doesn't change the principal what will her balance be in five years.

Answer 1

Yes his answer is correct

Explanation:

Because I checked his equation and everything makes sense

Answer 2

Principle amount is $3600
2% interset is $72.00
In 5 years time interest she will get is 5X72 = $360.00
Total will be 3600.00+360.00

answer $3960.00 balance will be in five years.