Answer:
B. $79.45
Step-by-step explanation:
The equation for simple interest is I = PRT, where I = interest earned, P = principal/amount invested, R = rate as a decimal, and T = time in years.
For this example, we'll calculate the interest earned, then add to the principal to get the total amount of money in her account.
I = (70)(0.045)(3)
I = 9.45
70 + 9.45 = $79.45
Please let me know if you have questions.
