26rhelgoe
Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Use the simple interest formula (I=PxRxT and Account= P+I) to find the interest joe will earn if he deposits $2500 in an account that makes 4.5% simple interest annually for 6 years. what will be his account balance at the end of 6 years?

Sagot :

SaveTheFlock

Answer:

$3175

Step-by-step explanation:

Substitute the equation with the numbers.

Interest = P x R x T

Interest = 2500 x 0.045 x 6

I = 675

Add the interest amount with the original amount.

675 + 2500 = 3175

I hope this helps and please mark me as brainliest!

e1carinalin

Step-by-step explanation:

  • Substitute the equation with the numbers.

  •  Interest = P x R x T x Interest = 2500 x 0.045 x 6I = 675

  • Now add the interest amount(675)with the original(2500)amount:

 
675 + 2500 = $3175


Answer to the question:


$3175



His account balance at the end of 6 years is $3175.



I hope this is helpful to you!

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.