Question

Aaron deposited $591.07 in a savings account that earns 3.7% simple interest. What is Aaron’s account balance after seven years?

$153.09

$744.16

$1,530.87

$612.94

Answer 1

The same formula is applied here
S.I = ( p x r x t) /100
use p = 591.07
r = 3.7
t = 7

Answer 2

Total amount = principal + interest

Answer 3

I = PRT
I = (591.07)(.037)(7)
now just multiply and you will have your interest.
Now add your interest to your beginning balance and you will have your answer.