Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.




2. Angela deposited $600 into an account paying a simple interest rate of 3.6% for 4.5 years. How
much interest did she earn? What was the balance of her account after the 4.5 years (assuming she made no deposits of withdrawals during the time)

Sagot :

mumsy

Answer:

Step-by-step explanation:

to find out how much Angela she would have in the bank,

(600*3.6*1)100=21.60 she gains in one year

6 months  21.60/2=10.80

in 4.5 years

(21.60*4)+10.80=86.40+10.80=97.20 interest

the balance=600+97.20=697.20

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.