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3 years ago

11

EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15%

simple interest. How much money will be in his account after 5 years?

2 answers:

s344n2d4d5 [400]3 years ago

7 0

$393.55 will be in his account after 5 years.

kolezko [41]3 years ago

6 0

I = prt
I = 340 * .0315 * 5
I = 53.55
Add $340 + $53.55 = $393.55

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