Question

Use simple interest to find the ending balance.
$53,300 at 4.7% for
3 3/4 years URGENT I will give you brainliest

Answer 1

Answer:

The ending balance would be:

EB = Money x (1 + rate)^year

     = 53300 x (1 + 4.7/100)^(3.75) = 63318.01

Hope this helps!

:)

Answer 2

Answer:

$62,694.125

Step-by-step explanation:

Interest = 53300 × (4.7/100) × 3.75

Interest = 9394.135

Balance = 53300 + 9394.135

= $62,694.125