carla deposited $12,400 into an account paying 4% simple interest 5 years ago. If she withdraws the entire amount of money, how much will she have?

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

step-by-step explanation:

answers available in this download

(pearson%2c%25202012)%2520bbs.pdf& usg=aovvaw1obmtxnfghfgxhx0urh_je

constants mean the stopped points or the points on a graph that nothing is changing, hope this

step-by-step explanation:

its kind of blurry. can you put a clearer pic?

step-by-step explanation: