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Jon invested $4,00 Into an account that pays 5 percent simple interest per year. What is the total balance in the account after 3 years?

Jon invested $4,00 Into an account that pays 5 percent simple interest per year. What is the total balance in the account after 3 years?
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2 votes
Jon invested $4,00 Into an account that pays 5 percent simple interest per year. What is the total balance in the account after 3 years?

asked
User Kkopczak
by
9.0k points

1 Answer

3 votes

Answer:

he would have $4,715

Explanation:

answered
User John Redyns
by
8.7k points
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