Question

find the balance in an account with &820 invested at 4% annual simple interest for three years

Answer 1

I think that it is $922.38. You would get this answer by multiplying the current amount by .04. Then you just do this three times.

Answer 2

Do you understand?

Answer 3

Interest I = Principal P x Rate R as a % x Time T in years
I = (820)(4/100)(3) =
Account balance = starting amount with interest added
for this problem 820 + I =