solanasb
Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

What is the amount of simple interest after 3 years if $250 was deposited at a 4% interest rate?

Sagot :

divoji4645

Answer:

$290

Step-by-step explanation:

250 * 4% (Or 0.04) = $10

$10 is interest per year

$10 * 4 years = $40

$250 + $40 = $290

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.