Mr. Nguyen opened a savings account with an initial deposit of $480 and will not make any additional deposits or withdrawals. The account earns 2% simple interest. What is the total amount that Mr. Nguyen will have in his account at the end of 3 years?

A $28.80
B $2,880.00
C $508.80
D $768.00

Question

07-04-2021
Mathematics

Answered

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Mr. Nguyen opened a savings account with an initial deposit of $480 and will not make any additional deposits or withdrawals. The account earns 2% simple interest. What is the total amount that Mr. Nguyen will have in his account at the end of 3 years?

A $28.80
B $2,880.00
C $508.80
D $768.00

Sagot :

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