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7 April, 07:39

I deposited 1000 into an account with 3% interest and kept it there for 4 years. A. How much money would I have if the interest was simple interest? B. How much money would I have if the interest was compound interest?

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  1. 7 April, 09:37
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    a. 1125

    Step-by-step explanation:

    a. I = PRT (1000) (0.03) (4)

    1000 x 0.03 = 30

    30 x 4 = 120

    1000 + 120 = 1120.

    answer for a is 1120

    Sorry
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