Ask Question
7 June, 02:51

At the end of 4 years, how much money would you have in total if you invested $300 and earned 4.5% simple interest? A. $313.50 B. $318 C. $327.75 D. $354

+2
Answers (1)
  1. 7 June, 03:18
    0
    The account balance for principal amount P accumulating simple interest at the rate r over time period t is given by ...

    ... A = P (1 + rt)

    Fill in the given numbers and do the arithmetic.

    ... A = 300· (1 + 0.045·4) = 354

    The appropriate choice is: D. $354
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “At the end of 4 years, how much money would you have in total if you invested $300 and earned 4.5% simple interest? A. $313.50 B. $318 C. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers