Question

you put $1205 in an account that earns 2.5% simple interest. Find the total amount in the account after four years

Answer 1

1205x 0.025=30.215
1205+30.215= 1.235.215
1,235.215x4=4,940.5
The answer is 4,940.5 $

Answer 2

Answer is $1330.09 bc u would use the compound interest formula