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timurjin [86]
4 years ago
11

Sam deposits $18,000 each year into a retirement account with a 3.5% simple interest rate. If he deposits the same amount each y

ear, how much money will he have at the end of his fourth year?
Mathematics
2 answers:
svet-max [94.6K]4 years ago
7 0
A=p(1+rt)
A=18,000×(1+0.035×4)+18,000×(1+0.035×3)+18,000×(1+0.035×2)+18,000×(1+0.035×1)=20,520+19,890+19,260+18,630==78,300....answer


schepotkina [342]4 years ago
3 0
Simple Interest Rate
18,000X 0.35X4 =
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