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lys-0071 [83]
3 years ago
6

A bank offers a 6% annual interest rate for a savings account. Marcus puts $8,000 into an account to save for college. How much

will be in the account after a year?
Mathematics
2 answers:
REY [17]3 years ago
7 0
The answer is 8480

hope that helped
noname [10]3 years ago
6 0
\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$8000\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
t=years\to &1
\end{cases}
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