Answered

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Tyler's savings account pays a simple annual interest rate of 3.25%. Suppose he deposits $5,000 in the account and makes no additional deposits or withdrawals
for 3 years. What will the total value of the account be after 3 years?

Sagot :

annho650

Answer:

$48,750

Step-by-step explanation:

Interest = Principal x Rate x Time

P = $5,000

R = 3.25%

T = 3

5000(3.25)(3) = 5000 x 9.75

5000 x 9.75 = 48750

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