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OpenStudy (anonymous):
Molly deposited $950 in a savings account that paid 3.25% simple interest. What was the balance in her account at the end of 4 years?
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OpenStudy (goformit100):
Use the formula of Simlpe Intrest.
OpenStudy (anonymous):
Uhh, I don't know that formula xD
OpenStudy (anonymous):
I = principal *time*rate, so I = 950 *(4 years)(*.0325)
OpenStudy (anonymous):
add that to 950 for the final balance.
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