that earns simple interest at a rate of 3%
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Mathematics, 13.11.2019 08:31 111432
4. elliott deposits $500 into a savings account
that earns simple interest at a rate of 3%
annually. what is the closing balance at the
end of the four years?
hint:
interest = principle x rate(as decimal) x time(years)
i =
closing balance = principle (p) + interest (1)
closing balance =
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4. elliott deposits $500 into a savings account
that earns simple interest at a rate of 3%
that earns simple interest at a rate of 3%
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