Question

Mason deposited $763.21 in a savings account that earns 1.7% simple interest. What is Mason's account balance after nine years?

Answer 1

The formula is
A=p (1+rt)
A future value?
P present value 763.21
R interest rate 0.017
T time 9 years

A=763.21×(1+0.017×9)
A=879.98

Hope it helps!