Question

Boden's account has a principal of ​$700 and a simple interest rate of 4.4​%. Complete the number line. How much money will be in the account after 4​ years, assuming Boden does not add or take out any​ money?

Answer 1

Answer:

$823.2

Step-by-step explanation:

Interest = 700 × 4.4/100 × 4

= 123.2

Balance = principle + interest

700 + 123.2

823.2

Answer 2

Answer:

A =823.20

Step-by-step explanation:

A = P (1 + rt)

Where A is the amount in the account

P is the principle,  r is the rate and t is the time

A = 700(1+4.4% *4)

Change to decimal form

A = 700(1+.044 *4)

A = 700(1+.176)

A =823.20