Answered

Join the conversation on IDNLearn.com and get the answers you seek from experts. Get step-by-step guidance for all your technical questions from our knowledgeable community members.




2. Angela deposited $600 into an account paying a simple interest rate of 3.6% for 4.5 years. How
much interest did she earn? What was the balance of her account after the 4.5 years (assuming she made no deposits of withdrawals during the time)

Sagot :

Mumsyidn

Answer:

Step-by-step explanation:

to find out how much Angela she would have in the bank,

(600*3.6*1)100=21.60 she gains in one year

6 months  21.60/2=10.80

in 4.5 years

(21.60*4)+10.80=86.40+10.80=97.20 interest

the balance=600+97.20=697.20

Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.