2. Chaleah deposited 700$ in a new account that earns 5% simple interest. After 4 years,
1 answer:
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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Skewed right as the values decrease to the right.
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Explanation:
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Step-by-step explanation:
