Register

You deposit $300 in the savings account. The account earns 11% simple interest rate per year. A. What is the interest earned after seven years? B. What is the balance after seve…

You deposit $300 in the savings account. The account earns 11% simple interest rate per year. A. What is the interest earned after seven years? B. What is the balance after seve…
asked 79.1k views
16 votes
you deposit $300 in the savings account. The account earns 11% simple interest rate per year. A. What is the interest earned after seven years? B. What is the balance after seven years? (PLEASE HURRY)

asked
User MarkCo
by
8.7k points

1 Answer

8 votes
you earn 33$ in the account per year. after 7 years you will have a balance of 531$
answered
User Keshan De Silva
by
8.5k 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

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!