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26 April, 09:45

Brianna deposit $680.00 into savings account that pays a simple interest rate of 1.29% how much will she earn after 3 years

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  1. 26 April, 09:57
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    Here's the equation for one year:

    0.0129 (680) + 680

    But because it is 3 years:

    3 (0.0129 (680)) + 680

    0.0387 (680) + 680

    We can make it simpler:

    1.0387 (680)

    Multiply:

    706.316

    We can round up:

    She will have $706.32, and earn $26.32
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