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14 June, 11:17

Josh earns $2700 each summer and puts the money in a savings account with a 4.5% simple interest rate. If he deposits the same account each year, how much money will he have at the end of his third summer?

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  1. 14 June, 15:12
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    he will have 8,829 dollars after 3 summers

    Step-by-step explanation:

    by using the cross multiplication method you can calculate how much interest is gathered after each year

    eventually after 3 summers interest has built up he would have 8,829 dollars including the 2,700 he earned each year
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