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23 October, 14:35

Calculate the amount of money youll have at the end of the indicated time period, assuming that you earn simple interest you deposit $3200 in an account with an annual interest of 3.9% for 10 years

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  1. 23 October, 16:01
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    Since it is simple interest, the equation isn’t linear.

    y=0.039 (3200) (10) + 3200

    y=1248+3200

    y=4448

    You will have $4448 by the end of 10 years.
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