Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after

Question

Agata [3.3K]

3 years ago

7

Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after

3 years?

Mathematics

2 answers:

AlladinOne [14] · Answer 1 · 2021-12-20T15:00:28+03:00

AlladinOne [14]3 years ago

7 0

% Interest = 5%
Principal Amount = $4100
Period Of Pay = 3 yrs

Interest Amount
5/100 × 4100 × 3
=615

Amount After Interest
4100 + 615 = 4715

Answer = 4715

sammy [17] · Answer 2 · 2021-12-20T17:27:48+03:00

sammy [17]3 years ago

4 0

Answer:

4715!!!!!

Step-by-step explanation: