salsaool salsaool
  • 12-02-2021
  • Mathematics
contestada


You deposit $650 in a bank account that pays 3% interest yearly. What is the balance after 4 years?

Respuesta :

salsaon24u salsaon24u
  • 12-02-2021
$728 after 4 years.
Answer Link
vihankalsi
vihankalsi vihankalsi
  • 12-02-2021

Answer:

728 dollars

Step-by-step explanation:

assuming this is simple intrest

650*3/100

=$19.50 per year

in 4 years that becomes

$78

so 650+78

=728

Answer Link

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