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21 May, 14:13

Karissa deposits $165 into a new savings account. The account earns 2.75% simple interest per year. Karissa plans on keeping the money in the account of 4 years (no money is added or removed). What will the total account balance be at the end of the 4 years?

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  1. 21 May, 14:15
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    Answer:$382

    Step-by-step explanation:

    To get The interest for 4 years

    Amount*rate*time*duration

    165*0.0275*12*4=$217

    165+217=$382
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