Question

$590 is deposited into a savings account that earns 4.25% simple interest for 3 years. Find the Interest and Account Value. Remember his is money so round your answer to the nearest hundredth.

Interest:
Account total:

Answer 1

Answer:

Interest:$75.23

Account total: $665.23

Step-by-step explanation:

I=590(0.0425)(3)

Interest=$75.23

75.23+590=665.23