Question

Delilah received a stipend of $1,000 for the extra work she does on the job. She is going to deposit the money into her bank account that receives 4% simple interest.
The account balance after year 3 is what

Answer 1

Answer:

$1,120

Step-by-step explanation:

Interest I = PRT/100 where P = amount deposited, R = rate percent and T = time.

So I =  (1000 * 4 * 3) / 100

= $120.

So the account balance is 1,120 dollars.