asked 81.8k views
2 votes
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? $615.00 $3,485.00 $4,305.00 $4,715.00

asked
User SoH
by
8.3k points

2 Answers

4 votes

Answer:

$4715

Explanation:

answered
User JBirdVegas
by
8.7k points
1 vote
he would have $4,715 :)

5% of $4,100 is $205 times 3 is $615 plus $4,100 is $4,715 :)
answered
User Mark Van Proctor
by
8.9k points
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