A BANK PAYS 7% SIMPLE INTREST ON A ONE -YEAR CD . THE DEPOSITER HAS SAVED $35.00 PER WEEKFOR 52 WEEKS BEFORE DEPOSITING THE MONE

Question

3 years ago

8

A BANK PAYS 7% SIMPLE INTREST ON A ONE -YEAR CD . THE DEPOSITER HAS SAVED $35.00 PER WEEKFOR 52 WEEKS BEFORE DEPOSITING THE MONE

Y FOR 1 YEAR A: WHAT WILL BE BE THE INTREST ON THE MONEY INVESTED AT THE END OF 1 YEAR/ b: WHAT WILL BE THE TOTAL AMOUNT IN THE ACCOUNT AT THE END OF 1 YEAR OF EARNING INTREST ?

Advanced Placement (AP)

1 answer:

Paraphin [41] · Answer 1 · 2022-08-19T13:21:48+03:00

Paraphin [41]3 years ago

6 0

Explanation:

rate 7percent

principal 35

time 52

interest PTR÷100

35*52*7÷100127.4