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17 November, 08:53

You deposit $4300 in an account that earns 2% per year simple interest. The equation that represents this situation is: A (n) = 4300 + (n - 1) (0.02 • 4300) How much will you have in the account at the beginning of the 8th year? Round your answer to the nearest dollar. A. $10,320 B. $4988 C. $4902 D. $4386

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  1. 17 November, 09:19
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    Answer: $4988

    Step-by-step explanation:

    Amount = P (1 + rt)

    = 4300 (1 +.02 * 8)

    = 4300 (1 +.16)

    = 4300 (1.16)

    = 4988
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