Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Delilah deposits 8,255 in an account that pays 4.2% simple interest. How much money will be in her account after 8 years

Sagot :

samuelonum1

Answer:

11235.35

Step-by-step explanation:

Given data

P=8225

R=4.2%=0.042

T=8years

The simple interest formula is

A=P(1+rt)

Substitute

A=8225(1+0.042*8)

A=8225(1+0.336)

A=8225*1.366

A=11235.35

Hence the balance will be 11235.35

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.