Answered

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12 years ago, Catherine deposited $200 in a savings account that pays 7.25% simple
interest What is the balance in Catherinesco

Sagot :

Answer:

$374

Step-by-step explanation:

First you need to find how much money does the back pay per year

$200*7.25

=1450

1450/100

=14.5

Secondly you need to find how much does Catherine have in 12 years

14.5*12 years

=$174

Lastly add the money she already had 12 years ago to how much the bank payed in that 12 years

$200+$174

=$374

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