Find the values of m and n.
1 answer:
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Answer:
After 3 years Mac will have $992 in his account.
Step-by-step explanation:
Principal amount deposited = $800
Time = 3 years
Rate of Interest = 6%
Now, SIMPLE INTEREST =
So, here S I =
or, Simple Interest on the principal amount = $192
Now, AMOUNT = PRINCIPAL + SIMPLE INTEREST
= $800 + $192
= $992
or, the Amount = $992
Hence, after 3 years Mac will have $992 in his account.