zmmann2006
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Summer deposited $5,800 into an account. She made no additional withdrawals or deposits. Summer earned 1.35% annual simple interest on the money in the account.

What was the balance in her account at the end of 3.5 years?

Enter the amount in the account in the box.

$

Respuesta :

cimmaan08

Answer:

5800 x 0.0135 = 78.3

78.3 x 3 =234.9

78.3/2 = 39.15

234.9 + 39.15 = 274.05

Your answer is 274.05

Step-by-step explanation:

Hope this helps!

The balance in her account at the end of 3.5 years is  $6074.05.

What is the balance in her account at the end of 3.5 years?

The balance in her account is the sum of the interest earned and the amount of money deposited.

Simple interest = amount deposited x time x interest rate

$5800 x 0.0135 x 3.5 = $274.05

Balance = $274.05 + $5800 = $6074.05

To learn more about interest, please check: https://brainly.com/question/26164549

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