angelaliudai angelaliudai
  • 13-01-2022
  • Mathematics
contestada

You deposit $350 in a savings account. The account earns 2.3% simple
interest per year. What is the balance after 2 years?

Respuesta :

raderthanu
raderthanu raderthanu
  • 13-01-2022

Answer:

$366.10

Step-by-step explanation:

A = P (1 + rt)

= 350 (1+0.023 x 2)

= 350 (1.046)

=366.1

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