Question

\You earn $1,300 working at a summer job. You decide to put it into an account and leave it there for four years while you are in college. The principal will earn 1.5% simple interest. How much will you have in your account at the end of four years

Answer 1

The amount I would have in my account at the end of 4 years is $1378.

How much will I have in my account?

The amount I would have in my account is the sum of the interest earned and the amount deposited. Interest is a function of the amount deposited, time and interest rate.

Interest = amount deposited x time x interest rate

$1300x 4 x 0.015 = $78

Account value = 1300 + 78 = $1378

To learn more about interest, please check: brainly.com/question/26164549

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