PLZ HELP I BEG YOU ITS URGENT

Mathematics

1 answer:

harkovskaia [24]3 years ago

7 0

Answer:

$638.25

Step-by-step explanation:

The interest is 5.5% yearly and it is simple interest.

Now, if we consider a deposit of $575 into the bank account that earned 5.5% simple interest each year, then after 2 and half years James will get interest only for 2 years as the 3rd year's interest will be added after the 3rd year.

Therefore, if no money was deposited into or withdrawn from the account, then after 2.5 years the sum will be

$575(1 + \frac{5.5 \times 2}{100}) = 638.25$ dollars. (Answer)

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