asked 224k views
4 votes
A principal amount of $365 is placed in a savings account with an annual rate of 2.08% simple interest for 6 years. Which formula would correctly determine the total account balance? A = (365)(0.208)(6) A = (365)(0.0208)(6) A = (365)(0.208)(6) + 365 A = (365)(0.0208)(6) + 365

asked
User Manvel
by
8.3k points

1 Answer

2 votes
5.686 because the math adds up
answered
User Penkov Vladimir
by
8.3k points
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