Calculate the amount of money​ you'll have at the end of the indicated time​ period, assuming that you earn simple interest. You deposit ​$3400 in an account with an annual interest of 4.5 ​% for 20years. The amount of money​ you'll have at the end of the years is

The amount of money​ you'll have at the end of the years is 6460 dollars

Step-by-step explanation:

The total principal sum of money deposited = dollars

The annual rate of interest is %

The time period for which the amount is invested years

As we know

where A is the amount after 20 years

P is the principal sum of money

r is the rate of interest and

t is time period in years

Substituting the given values in above equation, we get -

dollars

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step-by-step explanation:

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