Nine years ago, Tarah opened a savings account with her bank. She started with a balance of $359 and has not made any withdrawal

Question

2 years ago

6

Nine years ago, Tarah opened a savings account with her bank. She started with a balance of $359 and has not made any withdrawal

s or deposits since then. If her interest rate is 8% each year, how much interest has accrued using simple interest?
Total Interest = $

What is Tarah's new total balance?

New Balance Total = $

Mathematics

1 answer:

zmey [24] · Answer 1 · 2022-04-27T21:34:12+03:00

Answer:

Total interest = $28.72

New balance = $ 387.72

Explanation: Tarah has $359 in the bank. To find the amount of interest, multiply 359 by .08.

She gets $28.72 interest annually.

In one year, she will make $387.72. (Add the total interest to her original balance)

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