2. Chaleah deposited 700$ in a new account that earns 5% simple interest. After 4 years,

Mathematics

1 answer:

Oxana [17]2 years ago

5 0

Answer:

Interest earned: $150.85

Total amount: $850.86

Step-by-step explanation:

Y=700(1.05)^4

Put the right side of the equation into a calculator and get

850.85 that's your total, so to get the amount earned subtract the original 700 from it and get 150.85

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