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When adam started his career, he placed $500 in a savings account with a 2.7% simple interest rate. how much will be in the account in total after he retired in 30 years?

When adam started his career, he placed $500 in a savings account with a 2.7% simple interest rate. how much will be in the account in total after he retired in 30 years?
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5 votes
when adam started his career, he placed $500 in a savings account with a 2.7% simple interest rate. how much will be in the account in total after he retired in 30 years?

asked
User Onca
by
8.5k points

2 Answers

5 votes
405 is the correct answer
answered
User Vguzmanp
by
8.6k points
3 votes

Answer:

$405

Explanation:

500 x 2.7% (or 0.027) = $13.50

13.50 x 30 = $405

answered
User Ernestoalejo
by
8.1k points
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