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