Question

You deposit $900 in a savings account that earns a simple interest rate of 4.5% per year. You calculate you will earn $1215 in interest over 3 years. Is your answer reasonable?

A. Yes; the interest will be much less than the total in the account

B. No; the interest will be much less than the total in the account.

C. No; the interest will be more than the total in the account.

D. Yes; the interest will be more than the total in the account.

Answer 1

Answer:

a..

Step-by-step explanation:

yes the interest  will be much less than total than the account

Answer 2

The answer is not reasonable because the interest will be much less than the total in the account.

In order to determine if the answer is reasonable, we have to determine the simple interest that would be earned and the total amount in the account.

Simple interest = amount deposited x time x interest rate

$900 x 0.045 x 3 = $121.50

The total amount in the account in three years = amount deposited + interest earned

$900 + $121.50 = $1021.50.

To learn more about simple interest, please check: brainly.com/question/9352088?referrer=searchResults