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lara [203]
3 years ago
7

Mitchell deposited $651.37 in a savings account that earns 3.9% simple interest what is Mitchell's account balance after 15 year

s
Mathematics
1 answer:
Ira Lisetskai [31]3 years ago
4 0
The formula to find the account balance is
A=p (1+rt)
A account balance?
P amount deposited 651.37
R interest rate 0.039
T time 15 years
A=651.37×(1+0.039×15)
A=1,032.42

Hope it helps!
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To get the solution, we are looking for, we need to point out what we know.

1. We assume, that the number 13 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 13 is 100%, so we can write it down as 13=100%.

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5. Now we have two simple equations:

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7. Solution for what is 100% of 13

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