Ms. Anderson deposits $7,000 into a savings account that pays a simple interest of 2% per year. Which of the following would be
the total amount in her savings account at the end of 3 years?
1 answer:
Answer:
$7,428.46
Step-by-step explanation:
A = 7000(1 + .02)³
A = 7000(1.02)³
A = 7000(1.0612)
A = $7,428.46
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