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mr Goodwill [35]

2 years ago

11

Assessment items Jackie deposited $315 into a bank account that earned 1.5% simple interest each year. If no money was deposited

into or withdrawn from the account, how much money was in the account after 3 years?

1 answer:

Arturiano [62]2 years ago

4 0

The interest would be $14.17 so the total in the account is $329.17.

you find this by using the formula:
I = P*R*T
I =300*.015*3
I = 14.17

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