3 years ago

You deposited $475 into the bank at a 6% interest rate. How much will be in the account after three years

Mathematics

1 answer:

dem82 [27]3 years ago

3 0

Answer:

$565.73 and the interest is $90.73

Step-by-step explanation:

A=475(1+0.061)^1⋅3

A=475⋅1.063

A=475⋅1.191016

A=565.73

To find interest:

A=P+I

565.73II=475+I

I=565.73−475

I=90.73

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