Ask Question
16 May, 13:02

Terry deposits $200 into a bank account that earns 3% simple interest per year. What is the total amount in the account after 2 years?

+5
Answers (1)
  1. 16 May, 14:00
    0
    Well first you have to solve for the 1st year so 200*.03,.03 represents the 3%. Which would equal 6 dollars so after the 1st year he would have 200+6=206.

    Now you do the second year so do 206*.03, which would equal 6.18 so 206+6.18=212.18

    Answer = 212.18
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Terry deposits $200 into a bank account that earns 3% simple interest per year. What is the total amount in the account after 2 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers