PLEASE HELP. IM 1 POINT AWAY FROM GETTING 100
Devante paid a security deposit of five hundred twenty−five dollars when he signed the lease for his apartment. The money was put into an account earning two percent simple annual interest. After renting for 8 years, Devante got his deposit back. What was the payout balance?

Question

PLEASE HELP. IM 1 POINT AWAY FROM GETTING 100
Devante paid a security deposit of five hundred twenty−five dollars when he signed the lease for his apartment. The money was put into an account earning two percent simple annual interest. After renting for 8 years, Devante got his deposit back. What was the payout balance?

math&ing001 · Answer

The balance would be $(525 + 525*0.02*8)

anonymous · Answer

609!!!