Boden's account has a principal of $500 and a simple interest rate of 4.2%. Complete the number line. How much money will be i

Question

3 years ago

11

n the account after 4 years, assuming Boden does not add or take out any money?

1 answer:

Sergeu [11.5K] · Answer 1 · 2022-04-07T22:43:20+03:00

6 0

<h2>Answer:$66.00</h2>

Step-by-step explanation:first we need multiply :D I will use the formula I =prt

principal= $500

rate=3.3%

time= 4 years

but we need to convert the percent, 3.3%, to a decimal

3.3%=0.033 or .033

now we multiply !

500 × 0.033 × 4 = 66 = $66.00

Boden's account has a principal of ​$500 and a simple interest rate of 4.2​%. Complete the number line. How much money will be i