Question

Bonnie deposits $70.00 into a new savings account. The account earns 45 % simple interest per year , s added or removed from the savings account for 3 years What is the total amount of money in her savings account at the end of the 3 years?

Answer 1

Answer:

$\ 164.5$

Step-by-step explanation:

Bonnie deposits $70.00 into a new savings account.

The account earns 45% simple interest per year.

She neither added or removed from the savings account for 3 years.

We know that,

$i=\dfrac{P\cdot r\cdot r}{100}$

here,

i = interest,

P = principal = $70,

r = rate of interest = 45%,

t = time = 3 years,

Putting the values,

$i=\dfrac{70\cdot 45\cdot 3}{100}=\ 94.5$

So the total amount will be,

$=\text{Principal}+\text{Interest}$

$=70+94.5$

$=\ 164.5$

Answer 2

Answer:

its 4.5 not 45

Step-by-step explanation: