Ask Question
10 December, 01:53

You deposit $1200 in an account. The account earns 2.7% simple interest rate. What is the balance of the account after 3 months?

+2
Answers (1)
  1. 10 December, 02:03
    0
    starting amount (1+interest rate) ^number of times applied

    1200 (1+0.027) ^3=1299.84

    answer: $1299.84
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You deposit $1200 in an account. The account earns 2.7% simple interest rate. What is the balance of the account after 3 months? ...” 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