Karissa deposits $165 into a new savings account. The account earns 2.75% simple interest per year. Karissa plans on keeping the
money in the account of 4 years (no money is added or removed). What will the total account balance be at the end of the 4 years?
1 answer:
Answer:$382
Step-by-step explanation:
To get The interest for 4 years
Amount*rate*time*duration
165*0.0275*12*4=$217
165+217=$382
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