Question

Tracy deposited $59 into a bank account that earned 3.5% simple interest each year.

Answer 1

Answer:

Step-by-step explanation:

1) Tracy:

  P =$ 59 ;  r =3.5% ; T = 12 years

SI = PrT/100

      = 59 * 3.5 * 12 /100

      = $24.78

Amount Tracy that will be after 12 years in her account   = $ 59 +$24.78

              = $83.78