Nine years ago, Tarah opened a savings account with her bank. She started with a balance of $359 and has not made any withdrawal

Question

3 years ago

8

Nine years ago, Tarah opened a savings account with her bank. She started with a balance of $359 and has not made any withdrawal

s or deposits since then. If her interest rate is 8% each year, how much interest has accrued using simple interest?
Total Interest = $__________

What is Tarah's new total balance?

New Balance Total = $__________

Mathematics

2 answers:

madreJ [45] · Answer 1 · 2022-07-09T12:26:46+03:00

madreJ [45]3 years ago

7 0

You already have your answer, but i hope you’re having a great day!! :)

Gelneren [198K] · Answer 2 · 2022-07-09T10:49:51+03:00

Gelneren [198K]3 years ago

6 0

Answer:

$258.48

Step-by-step explanation:

Initial balance in the savings account = $359

Interest rate = 8%