Question

Yvonne 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 at 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

@godgavemeyou

Answer 2

If you put 100 dollars in the bank and the bank pays you 5 dollars in interest, how much money do you have now?

Answer 3

1005

Answer 4

105 *** sorry

Answer 5

4960$