dejesusazeneth221
Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Dominique deposited $3,000 into an account earning simple interest. The interest rate is 2.6%. How much interest will Dominique earn in 5 years? How much money will be in the account after 5 years? (assuming no new deposits SHOW THE WORK PLEASE​

Sagot :

Answer:

$390

Step-by-step explanation:

Way 1:

$3,000 x 2.6 % = $78

$78 x 5 = $390

Way 2:

$3,000 x (2.6x5) =

$3000 x 13% =

$390

Hope that helps!

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.