Ask Question
7 May, 22:06

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?

+1
Answers (1)
  1. 8 May, 00:31
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Karissa deposits $165 into a new savings account. The account earns 2.75% simple interest per year. Karissa plans on keeping the money in ...” 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