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3 years ago

Mrs. Brown deposits $22,150 into a savings account that will earn 3% simple interest per year.

Mathematics

1 answer:

Andrei [34K]3 years ago

3 0

Answer: 23498.935

Step-by-step explanation:

this helped me in middle school so please remember this equation

A=P(1+R/N)NT

A=AMOUNT

P=PRINCIPAL

R=INTEREST RATE

N=NUMBERS OF TIMES THE INTEREST IS COMPOUNDED

NT=TIME(YEARS

So now we have this... right...

A=P(1+R/N)NT

you have to fill it in and you will get

a=22,150(1+3/1)^2

put that in your handy dandy calculator and you will get your answer

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