Question

Yvonna put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest.

a. How much does she have in her account by the end of 3 years?
b. At what annual simple interest rate did the account grow? Show your work.
c. How many more dollars would she have in her account if the interest rate were 1% greater? Show your work.

Answer 1

$4,000 X .09 = $360
$360 X 3 = $1,080
$1,080 - $960 = $120

Answer 2

thxxx

Answer 3

no prob. fellow directioner ;)

Answer 4

hehe I LOVE 1D!