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jarptica [38.1K]
3 years ago
6

Naomi invested $3,425 in an account that pays 3% simple annual interest. what was the total balance in the account after 15 year

s?
Mathematics
2 answers:
Alenkinab [10]3 years ago
6 0
Each year, your $3,425 which earn 3% simple interest earns $102.75. Multiplying this value by 15 gives $1541.25. Then, adding the latest value we have with the initial invest will finally give us $4966.25. Thus, after 15 years Naomi will have $4966.25. 
Tasya [4]3 years ago
4 0

Answer:

The answer is $4966.25

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