Question

Izzy deposits any money the team has left at the end of the season into a savings account, where it will remain until next season. This year, Izzy deposited $440 into a savings account that earns 312% simple interest. If the next season starts in 6 months, how much money will be in the account then? Explain

Answer 1

Answer: $447.04

Step-by-step explanation:

Amount (A) = Simple interest + Principal,

Simple interest = (Principal * rate * time)

A = (P * r * t) + P

Principal (P)= $440

rate (r)= 32% or 0.032 as a decimal