Jake deposits $220 in an account every year on his birthday. the account earns 3.2% simple interest and the interest is sent to him at the end of each year. he makes no other deposits or withdrawals. complete the table.

At the end of the 2nd yr his balance is $440, = I = $14.08
At the end if the 3rd yr his balance is $600, = I = $21.12
$200 is deposited at the beginning of each year
End if the 1st yr SI = PRT/100 = 220 X 3.2 X 1/100 = $7.04
Start of the 2nd yr $220 + $220 = $440
End of the 2nd yr: SI = PRT/100 = 440 X 3.2 X 1/100 = $14.08
Start of the 3rd yr $440 + $220 = $660
End of the 3rd yr: SI = PRT/100 = 660X 3.2 X 1/100 = $21.12
At the end of th2 2nd yr his balance is 440, = I = $14.08
At the end if the 3rd yr his balance is $600, = I = $21.12
HE now has $660 in his account and has earned a total of 42.24 interest over the 3 years.

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