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wlad13 [49]
3 years ago
10

Apex Help!!!! At the beginning of year 1, Gracie invest $350 at annual simple interest rate of 4%. She makes no deposits to or w

ithdrawals from the account

Mathematics
2 answers:
ASHA 777 [7]3 years ago
8 0

Answer:

Option B.

Step-by-step explanation:

Gracie invest $350 at the beginning of the year 1 at annual simple interest rate of 4%.

the balance at the beginning of the year 12. Interest will be calculated for 11 years.

Formula for simple interest : A = P(1 + rt)

By putting the value : A = 350(1 + 0.04 × 11)

                                   A = 350 ( 1.44 ) = $504.00

So the best answer would be option B.

tankabanditka [31]3 years ago
6 0

It's B A(n)= 350 + (n - 1) (0.04 · 350); $504.00

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