Question

As incentive for Gretchen to save the two thousand two hundred dollars she recently inherited, her parents tell her that they will pay her fifteen percent simple annual interest on the amount that she saves. How much money will Gretchen have after 3 years if she saves all of the money she inherited?

two thousand six hundred forty dollars

three thousand one hundred ninety dollars

three thousand five hundred twenty dollars

eight thousand two hundred fifty dollars

Answer 1

Simple annual interest means that each year, she will receive a bonus 0.15x2200 per year or a bonus of 330 a year. therefore by 3 years she will have 2200 + 3x330 or 3190
CO

Answer 2

is this understandable @_lilb_to_smooth_4_U_