Seudónimo Seudónimo

30-11-2016
Mathematics

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James deposited $575 into a bank account that earned 5.5% simple interest each year.

If no money was deposited into or withdrawn from the account, how much money was in the account after 2 1/2 years?

Round your answer to the nearest cent.

Respuesta :

thatasian thatasian

30-11-2016

575* 0.05 = 28.75
28.75* 2.5(yrs) = 71.875
575+ 71.875 = 646.875
therefore, $646.87

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