Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?

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23-06-2018
Mathematics

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Jon invests $4,100 into an account that pays 5 percent simple interest each year.what is the total balance in the account after 3 years?

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annshiro1989 annshiro1989 · Answer 1 · 2018-06-28T12:33:05+02:00

annshiro1989 annshiro1989

28-06-2018

% Interest = 5%
Principal Amount = $4100
Period Of Pay = 3 yrs

Interest Amount
5/100 × 4100 × 3
=615

Amount After Interest
4100 + 615 = 4715

Answer = 4715

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alyciascott6 alyciascott6 · Answer 2 · 2019-07-26T04:22:54+02:00

alyciascott6 alyciascott6

26-07-2019

Answer:

4715!!!!!

Step-by-step explanation:

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