Jackie deposited $315 into a bank account that earned 1.5% simple interest each year.

If no money was deposited into or withdrawn from the account, how much money was in the account after 3 years?

Round your answer to the nearest cent.

Enter your answer in the box.

Question

Erica Lindsey

14 February, 10:44

+5

Answers (1)

Know the Answer?

Kristin Blanchard · Answer 1

I = p r t

I = 315 (.015) (3) = 14.18

Add interest to the principle.

$315. + 14.18 = $329.18

Jackie deposited $315 into a bank account that earned 1.5% simple interest each year.If no money was deposited into or withdrawn from the account, how much money was in the account after 3 years?Round your answer to the nearest cent.Enter your answer in the box.