Yolanda deposits 300.00 per month in an account with an APR of 3%, while zach deposits 3,600.00 at the end of the year in an account with an APR of 3%. The balance in yolandas savings was?

Question

bahrom7893 · Answer

@Mertsj helpp!

anonymous · Answer

lol

bahrom7893 · Answer

@amistre64 i know u're good with the rates and stuff lol

mertsj · Answer

We can't answer that because we know nothing about the compounding.  Or is it simple interest?

anonymous · Answer

Its just the first part of the question about yolanda, then once i punch in the answer i get the second part of the question for zach. i believe just simple interest.

mertsj · Answer

Well then, I = P RT
I= 3600(.03)(1)=108
3600 + 108= $3708