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Sam deposits $1,000 into an account that pays 6% simple interest annually. He plans to take the money out after 3.5 years. What will the balance in his account be after 3.5 year…

Sam deposits $1,000 into an account that pays 6% simple interest annually. He plans to take the money out after 3.5 years. What will the balance in his account be after 3.5 year…
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10 votes
Sam deposits $1,000 into an account that pays 6% simple interest annually. He plans to take the money out after 3.5 years.

What will the balance in his account be after 3.5 years?

asked
User Ajeet Varma
by
9.3k points

1 Answer

6 votes

Answer: 1210

Explanation:

answered
User Stikkos
by
8.1k points
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