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s344n2d4d5 [400]
3 years ago
13

Jackie deposited $315 into a bank account that earned 1.5% simple interest each year. If no money was deposited into or withdraw

n from the account, how much money was in the account after ​3​ years?
Round your answer to the nearest cent.
Mathematics
2 answers:
Cerrena [4.2K]3 years ago
5 0
I think it's 329.18......
Mekhanik [1.2K]3 years ago
4 0
The formula for simple interest is i = p*r*t, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.

Here,   i = ($315) (0.015) (3) = $14.18  (answer)

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