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Sonja and Jake just got married. They received $4,500 in gift money and deposit it into a savings account that pays 2.85% simple interest. How much will they have in savings aft…

Sonja and Jake just got married. They received $4,500 in gift money and deposit it into a savings account that pays 2.85% simple interest. How much will they have in savings aft…
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Sonja and Jake just got married. They received $4,500 in gift money and deposit it into a savings account that pays 2.85% simple interest. How much will they have in savings after 3 years?

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User Raphael Laurent
by
8.5k points

1 Answer

2 votes
0.0285x3=.0855
1.0855x4500=$4884.75 after 3 years
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answered
User Arby
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