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Simple Intrest Rate 3.25% Martin deposits $7,000 in an account at Victory Bank. Find the amount of interest earned and the total value of his account after 36 months.

Simple Intrest Rate 3.25% Martin deposits $7,000 in an account at Victory Bank. Find the amount of interest earned and the total value of his account after 36 months.
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1 vote
Simple Intrest Rate

3.25%

Martin deposits $7,000 in an account at Victory Bank. Find the amount of interest earned and the total value of his account after 36 months.

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User Maaudet
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1 Answer

5 votes

The total value of Martin's account after 36 months is $7,682.50. $682.50 in interest was earned.

answered
User Aleksandr Dubinsky
by
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