Answered

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Lucy has 25600 in savings account that earns 2% interest per year the interest is not compounded how much would you have in 3 months

Sagot :

Answer:

25728

Step-by-step explanation:

Amount i would have in 3 months = simple interest + amount deposited

Simple interest = principal x time x interest rate

Principal = 25600

Interest rate = 2%

Time = 3/ 12 = 0.25

25,600 x 0.02 x 0.25 = 128

Total amount = 25,600 + 128 = 25728

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