If Tyler deposits $2000 of the $3200 he has earned in an account that pays 8% simple interest, how much will he have after 1 yea

Question

AysviL [449]

3 years ago

10

If Tyler deposits $2000 of the $3200 he has earned in an account that pays 8% simple interest, how much will he have after 1 yea

r? Show all work.

Mathematics

1 answer:

pishuonlain [190] · Answer 1 · 2022-05-05T07:32:03+03:00

pishuonlain [190]3 years ago

7 0

Answer:

$2160

Step-by-step explanation:

Here we are going to use our simple interest formula. We know that p=2000,t=1, and r=8/100=0.08 Once again, lets replace those values in our formula: A=2000(1+(0.08)(1)) A=$2160