Ask Question
10 August, 17:55

At the beginning of year 1, Gracie invest $350 at annual simple interest rate of 4%. She makes no deposits to or withdrawals from the account

+4
Answers (1)
  1. 10 August, 20:27
    0
    I guess you want to know the total amount after one year. If so, the interest yielded after one year is 350 x 4% = $14 and her new capital becomes

    350 (initial capital) + 14 (interest over 1 year) = 350+14 = $364
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “At the beginning of year 1, Gracie invest $350 at annual simple interest rate of 4%. She makes no deposits to or withdrawals from the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers