Mrs. Martin deposit is $2350 in a money market account her account earns an interest rate of 18% if she does not deposit or with
draw any money from the account how much will Mrs mountain have in the account at the end of six months
1 answer:
Answer:
$2561.50
Step-by-step explanation:
If the account earns simple interest, then the balance at the end of 6 months will be ...
... A = P + Prt . . . . . for principal amount P, interest rate r, time period t
... A = $2350 +2350·0.18·6/12 = $2350 + 211.50
... A = $2561.50
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