Register

Stephen deposited 5800 in a new savings account. The savings account earns 8.0% annually and simple interest. How much is the account after 3 years?

Stephen deposited 5800 in a new savings account. The savings account earns 8.0% annually and simple interest. How much is the account after 3 years?
asked 5.7k views
1 vote
Stephen deposited 5800 in a new savings account. The savings account earns 8.0% annually and simple interest. How much is the account after 3 years?

asked
User Johnkavanagh
by
7.8k points

2 Answers

1 vote
The answer is $7, 192.
answered
User Gaw
by
8.0k points
5 votes

Answer:

$7,192

Explanation:

8% of 5800= 464

464x3 = 1392

5800 + 1392 = 7,192

answered
User Arrowmaster
by
8.6k points
← Prev Question Next Question →

Related questions

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!