Register

Mai put $4,250 in the bank for a rate of 4% simple interest per year. After 3 years, what will be the balance of her bank account? 0

Mai put $4,250 in the bank for a rate of 4% simple interest per year. After 3 years, what will be the balance of her bank account? 0
asked 188k views
4 votes
Mai put $4,250 in the bank for a rate of 4% simple interest per year. After

3 years, what will be the balance of her bank account?
0

asked
User GoodJuJu
by
9.2k points

1 Answer

4 votes

Answer:

4760

Explanation:

Simple interest formula:

PV(1+it)

4250(1+.04*3)=4760

answered
User JValdron
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!