Which condition must be met for conduction to ouccur?
1 answer:
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The amount of that will be in the account after 25 years is 370000 cents.
<h3 /><h3>What is simple interest?</h3>The simple interest on an account is the kind of interest charge on a loan. It can be estimated by using the formula;
S.I = $2100
After 25 years, the amount that will be in the account will be:
= Principal + simple interest
= $1600 + $2100
= $3700
To the nearest cent, we have:
= 370000 cents
Learn more about simple interest here: