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beks73 [17]
3 years ago
15

You deposit $4300 in an account that earns 2% per year simple interest. The equation that represents this situation is: A(n) = 4

300 + (n - 1)(0.02 • 4300) How much will you have in the account at the beginning of the 8th year? Round your answer to the nearest dollar. A. $10,320 B. $4988 C. $4902 D. $4386
Mathematics
1 answer:
Likurg_2 [28]3 years ago
3 0

Answer: $4902

Step-by-step explanation:

Amount = P (1 + rt)

= 4300 (1 + .02 * 7)

= 4300 (1 + .14)

= 4300 (1.14)

= 4902

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