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Kate deposited $1350 into a bank account that earns 3% simple interest per year. What is the total amount in the account after 2 years?

Kate deposited $1350 into a bank account that earns 3% simple interest per year. What is the total amount in the account after 2 years?
asked 180k views
2 votes
Kate deposited $1350 into a bank account that earns 3% simple interest per year. What is the total amount in the account after 2 years?

asked
User Lee Greiner
by
7.7k points

1 Answer

8 votes

Answer:810$

Explanation:

?/1350=3/100

1350*3=4050

4050/100=405

405 per year times 2= 810$

answered
User Impossibility
by
7.5k points
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