Question

Camille invested $3,000 into an account that earned 3.5% annual simple interest. She made no additional deposits or withdrawals, and after 9 years what is the total amount of money in her account?

Answer 1

Answer:$4,089

Explanation:

3000+105+108.675+112.5....=4089

3.5%x3000= 105

3.5%x3105= 108.675

keep going

You will have earned $1,089 in interest.