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svet-max [94.6K]
3 years ago
12

Miguel deposits 680.00 in an account that pays 3.5% simple interest. if he neither adds more money nor withdraws any money, what

amount will be in the account after 6 years ?
Mathematics
1 answer:
quester [9]3 years ago
4 0
I=PRT
I=interst
P=invested amount
R=rate in decimal
T=time in years

given
P=680
R=3.5%=0.035
T=6

I=680*0.035*6
I=142.8
that is interest

total is interest+principal=680+142.8=822.8

after 6 years, $822.80 is in the account
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